Prairiewood has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.73% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Prairiewood has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.57% offered to property buyers. Sellers in Prairiewood itself are offering an average vendor discount of -4.60% to real estate investors.
In the last year 20 properties changed hands in Prairiewood, which puts it as the 1110th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 8.53%, investors should hope to achieve an overall return of 3.07%