Giving property investors a a stable capital gain of 8.87% for the last year, Stanmore, 2048 is the 1494th highest performer in Australia in this respect.
A 91.62% growth in median value for property investors in Stanmore,2048 puts this suburb at number 1047th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Stanmore is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1224th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $900 and the average annual increase in value of a median property of 8.74%, investors should hope to achieve an overall return of 2.73%
Over the last year, property investments in Stanmore, 2048 have given investors a capital gain of 5.38%. This compares averagely with the 5.36% for NSW as a whole.
Over the longer term, Stanmore has seen property prices show investors a 17.21% return over the last 3 years. This is worse than over the last 12 months
Stanmore, 2048 is offering NSW ‘s 461th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Situated 3.35km from the CBD, Stanmore is one of Marrickville localities in the postcode 2048.
Sydney suburb Stanmore has been one of the hottest locations in the inner west, particularly for families looking for larger properties than may be available closer to the city. Full summary
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Sydney suburb Stanmore has been one of the hottest locations in the inner west, particularly for families looking for larger properties than may be available closer to the city.
Stanmore is characterised by wide tree lined streets and a high proportion of houses – over half of properties are freestanding or terraced houses. Blocks are also typically bigger than are found elsewhere in the inner west, and many properties are older character homes. Indeed, new buildings cannot be over three stories high and must retain a facade in keeping with the heritage of the suburb, adding a scarcity factor to properties in Stanmore.
Amenity-wise, residents are spoilt for choice. Stanmore itself has a wide range of shops and eateries clustered around the junction between Salisbury and Percival Road. It’s also just minutes from the lifestyle centre of Newtown and within easy reach of Leichhardt and Haberfield. There are several public and private schools, and the Royal Prince Alfred Hospital is in nearby Camperdown.
It hits all the buttons for investors seeking the best of all worlds for attracting tenants. Access to the CBD is provided by both regular rail and bus services, with a train journey to the CBD taking less than 15 minutes. The presence of the University of Sydney, the Chippendale UTS campus and the Royal Prince Alfred Hospital also make Stanmore a good option for university staff, medical staff and students. It has a very high percentage of professional residents, and the average weekly household income is significantly higher than the NSW average at over $2,100pw.
The proximity of the university means there’s scope to mitigate the holding cost pain by renting properties out as student accommodation. There may also be possibilities to subdivide, renovate or otherwise develop existing properties to manufacture growth.