Cabramatta has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.63% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Cabramatta comes in at number 898th in NSW.
Property buyers and investors in Cabramatta 2166 should be seeing an average reduction in asking price of around -8.95% . This means that Cabramatta is holding prices well when compared to other suburbs in NSW.
In the last year 50 properties changed hands in Cabramatta, which puts it as the 513th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
NSW has seen average median house prices change by -4.02% which means that Cabramatta, 2166 has not done well for property investors by showing a capital gain of -5.41% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Cabramatta comes in at number 346th in NSW.
Property buyers and investors in Cabramatta 2166 should be seeing an average reduction in asking price of around -9.29% . This means that Cabramatta is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 7.67 sales per month, which equates to 92 per year.
Property investors should expect to get $340 weekly from the median priced house in this suburb.
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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.”