NSW has seen average median house prices change by -4.21% which means that Telopea, 2117 has not done well for property investors by showing a capital gain of -16.98% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Telopea has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Telopea itself are offering an average vendor discount of -12.97% to real estate investors.
If you compare the increase in value of investment property in Telopea, 2117 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -15.90%.
Telopea,2117 was ranked 1422 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.83% offered to property buyers. Sellers in Telopea itself are offering an average vendor discount of -10.12% to real estate investors.
With the median price for a house in Telopea being $566000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.13%