With a capital gain of 1.93% for the last 12 months, Thornleigh, 2120 has performed for property investments than its average annual 8.53% property growth over the last 5 years.
The five-year average increase in median property values for Thornleigh,2120 has given property investors a potential capital gain of 83.02% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.93% offered to property buyers. Sellers in Thornleigh itself are offering an average vendor discount of -6.82% to real estate investors.
At number 1157th in the list of Australian suburbs ordered by increase in median house value over the last year, Thornleigh, 2120 is in the BOTTOM 40% with a property value increase of -1.95% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Thornleigh has increased when compared to the 5 year average annual rate.
A $580 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 4.57%.