Investment property in St Ives has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.30%
St Ives,2075 has offered an average of 12.30% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -7.59% to buyers in St Ives at the moment, which is less than average for the rest of NSW.
In the last year 237 properties changed hands in St Ives, which puts it as the 32th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $1150 and the average annual increase in value of a median property of 8.56%, investors should hope to achieve an overall return of 2.85%
St Ives has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.36% to date .
Over the longer term, St Ives has seen property prices show investors a 30.31% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.01% to buyers in St Ives at the moment, which is less than average for the rest of NSW.
A $675 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 3.15%.