With a capital gain of 3.40% for the last 12 months, St Ives, 2075 has performed for property investments than its average annual 7.95% property growth over the last 5 years.
The five-year average increase in median property values for St Ives,2075 has given property investors a potential capital gain of 86.36% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.57% offered to property buyers. Sellers in St Ives itself are offering an average vendor discount of -6.38% to real estate investors.
Often selling an investment property can take time, and in St Ives the average time real estate has been on the market is 70.69 days.
A $1080 per week rent on the median house gives suburb investors a gross yield of circa 2.74%, without taking into account capital value appreciation, which has been averaging out at 7.95%.
NSW has seen average median house prices change by 4.56% which means that St Ives, 2075 has done well for property investors by showing a capital gain of 19.73% over the last year
Over the longer term, St Ives has seen property prices show investors a 44.83% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in St Ives should be aiming for at least -3.94% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in St Ives the average time real estate has been on the market is 59.62 days.
St Ives is 515th on a list of best yielding suburbs for rents in NSW with a 3.22% return