Over the last year, property investments in Cabramatta, 2166 have given investors a capital gain of -3.03%. This compares badly with the 1.14% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Cabramatta,2166 has racked up an average of -3.03% over the period. This ranks it number 1810th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Cabramatta being $865000 and the advertised rent reaching $415 the gross rental yield for property investors calculates out to be 2.49%
Cabramatta has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.47% to date .
Taking the average capital gain, or increase in median house value, Cabramatta,2166 has racked up an average of -5.47% over the period. This ranks it number 1157th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.74% offered to property buyers. Sellers in Cabramatta itself are offering an average vendor discount of -7.77% to real estate investors.
With the median price for a house in Cabramatta being $406500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.22%
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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.”