Cabramatta is in the bottom 40% in NSW when comparing median price capital growth over the last year. Cabramatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.79%.
Over the longer term, Cabramatta has seen property prices show investors a 25.37% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Cabramatta should be aiming for at least -12.06% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Property value increases in Cabramatta have tracked close to the NSW average of 5.36% over the last 12 months.
Cabramatta,2166 was ranked 641 in Australia by increase in median property value over the quarter.
Property buyers and investors in Cabramatta 2166 should be seeing an average reduction in asking price of around -6.86% . This means that Cabramatta is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Cabramatta have been waiting around 81.02 days to sell a property.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 10.25%, investors should hope to achieve an overall return of 3.93%
South-west Sydney suburb Cabramatta is situated 25km from the Sydney CBD and sandwiched between the suburbs of Fairfield and Liverpool. There are direct rail links to both the Sydney CBD and Parramatta, and the suburb also provides easy access to the Hume Highway.Full summary
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South-west Sydney suburb Cabramatta is situated 25km from the Sydney CBD and sandwiched between the suburbs of Fairfield and Liverpool. There are direct rail links to both the Sydney CBD and Parramatta, and the suburb also provides easy access to the Hume Highway.
Cabramatta's median unit price compares well with neighbouring suburbs, such as northern neighbour Canley Vale and Fairfield.
It’s known primarily as Sydney’s ‘Little Asia’, with ABS figures estimating that around 60% of residents were born overseas, half of those from Asia. One of the key drivers for the area is its fast-growing population: the ABS estimates the population for the wider Fairfield area increased by around 6,000 people between 2005 and 2009.
It’s been one of the best performers in Sydney in recent months – increasing in value by 15% over the last year – and that’s all down to homebuyers’ quests for affordable properties within the city limits. However, even investors with the loosest knowledge of Sydney are likely to be aware that these suburbs don’t have the best of reputations. Residex CEO John Edwards argues that it’s more important than ever to do your due diligence before buying.
“Well-located units will be the ones that do well, and you should be careful to size up the surrounding units to ensure that you’re in better parts of the suburb,” he says. “However, if you get it right there’s potential for good outcomes as these areas benefit from the ripple effect.”