Investment property in Drummoyne has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.52%
If we look at median property appreciation over just the last three months, Drummoyne has given property investors a paper return of -0.23%. This puts Suburb as 739 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Drummoyne are currently offering property investors an average price cut of -4.22% below the asking price at the moment.
At number 2242 in a list of fastest selling suburbs, Drummoyne is in the bottom 40% of suburbs in Australia with an average of days on market 81.54 for properties listed there.
Advertised rents are around the $850 mark per week – giving a return of 2.06% based on the median price in Suburb
NSW has seen average median house prices change by 2.17% which means that Drummoyne, 2047 has done well for property investors by showing a capital gain of -2.99% over the last year
If we look at median property appreciation over just the last three months, Drummoyne has given property investors a paper return of -1.30%. This puts Suburb as 341 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Drummoyne is giving property investors an average Vendor Discount of around -4.38%. This puts suburb at number 289th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Drummoyne the average time real estate has been on the market is 57.08 days.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 6.95%, investors should hope to achieve an overall return of 2.98%