Giving property investors a a solid capital gain of 49.21% for the last year, Mcmahons Point, 2060 is the 1st highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Mcmahons Point,2060 has racked up an average of 49.21% over the period. This ranks it number 20th in the whole country for real estate investors looking at median house price increases.
A $1150 per week rent on the median house gives suburb investors a gross yield of circa 1.27%, without taking into account capital value appreciation, which has been averaging out at 16.68%.
NSW has seen average median house prices change by 1.69% which means that Mcmahons Point, 2060 has done well for property investors by showing a capital gain of -0.61% over the last year
Comparing Mcmahons Point,2060 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Mcmahons Point is giving property investors an average Vendor Discount of around -3.05%. This puts suburb at number 440th in NSW when ranking the most discounted suburbs.
At number 424 in a list of fastest selling suburbs, Mcmahons Point is in the TOP 30% of suburbs in Australia with an average of days on market 57.05 for properties listed there.
Using the current median advertised rental of $720 and the average annual increase in value of a median property of 9.68%, investors should hope to achieve an overall return of 2.88%