Investment property in Willoughby has done pretty 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 -6.99%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Willoughby has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Willoughby is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 479th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
Situated 6.93km from the CBD, Willoughby is one of Willoughby (C) localities in the postcode 2068.
At number 1264th in the list of Australian suburbs ordered by increase in median house value over the last year, Willoughby, 2068 is in the BOTTOM 20% with a property value increase of -11.62% recorded in median house prices.
The five-year average increase in median property values for Willoughby,2068 has given property investors a potential capital gain of 23.42% across each of those five years.
Vendor discounting in Willoughby is giving property investors an average Vendor Discount of around -3.99%. This puts suburb at number 337th in NSW when ranking the most discounted suburbs.
At number 224 in a list of fastest selling suburbs, Willoughby is in the TOP 20% of suburbs in Australia with an average of days on market 60.1875 for properties listed there.