Property investors who have had real estate in Prestons, 2170 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.20%
Prestons,2170 was ranked 3006 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Prestons is offering property investors an average of -6.70. This rate of discount on properties puts Suburb at number 360th in terms of most discounted suburbs in NSW
In the last year 114 properties changed hands in Prestons, which puts it as the 171th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 3.91%