If you compare the increase in value of investment property in Drummoyne, 2047 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.92%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Drummoyne has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Drummoyne is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 84th in terms of most discounted suburbs in NSW
In the last year 79 properties changed hands in Drummoyne, which puts it as the 401th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $850 and the average annual increase in value of a median property of 10.00%, investors should hope to achieve an overall return of 1.98%
Property investors who have had real estate in Drummoyne, 2047 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.55%
If we look at median property appreciation over just the last three months, Drummoyne has given property investors a paper return of 2.48%. This puts Suburb as 182 on a list of fastest fasting appreciating suburbs in NSW
Drummoyne2047 is located in NSW which offers an average discount of -4.11% to property investors. Drummoyne itself is showing figures that indicate -2.59% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $7800 per annum or $650 every week.