Property investors who have had real estate in Stanmore, 2048 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 20.95%
Across a shorter period, Stanmore, 2048 has seen a median price increase of -0.28% over the last quarter.
Sellers are offering property buyers an average discount of -2.28% to buyers in Stanmore at the moment, which is less than average for the rest of NSW.
At number 332 in a list of fastest selling suburbs, Stanmore is in the TOP 10% of suburbs in Australia with an average of days on market 39.8571 for properties listed there.
Property value increases in Stanmore have tracked close to the NSW average of 4.75% over the last 12 months.
If we look at median property appreciation over just the last three months, Stanmore has given property investors a paper return of -2.49%. This puts Suburb as 464 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Stanmore is giving property investors an average Vendor Discount of around -2.94%. This puts suburb at number 245th in NSW when ranking the most discounted suburbs.
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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.