If you compare the increase in value of investment property in Castle Hill, 2154 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -11.18%.
While Castle Hill,2154 ranked number 278th in NSW for increase in median house value (annualised) increase, it is ranked 596th over the last 5 years.
Property investors looking for a bargain in Castle Hill should be aiming for at least -7.61% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 337 properties changed hands in Castle Hill, which puts it as the 7th most active market in NSW when comparing the number of sales per suburb.
Castle Hill, 2154’s gross rental yield is 2.62%
At number 1097th in the list of Australian suburbs ordered by increase in median house value over the last year, Castle Hill, 2154 is in the BOTTOM 30% with a property value increase of -7.74% recorded in median house prices.
Castle Hill,2154 has offered an average of -7.74% return per annum in house price rises to property investors over the last three years.
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 Castle Hill itself are offering an average vendor discount of -9.09% to real estate investors.
With the median price for a house in Castle Hill being $810000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.53%