At number 3551th in the list of Australian suburbs ordered by increase in median house value over the last year, Punchbowl, 2196 is in the BOTTOM 20% with a property value increase of -12.09% recorded in median house prices.
Punchbowl,2196 was ranked 2986 in Australia by increase in median property value over the quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.34% offered to property buyers. Sellers in Punchbowl itself are offering an average vendor discount of -8.37% to real estate investors.
At number 1703 in a list of fastest selling suburbs, Punchbowl is just in the top half of suburbs in Australia with an average of days on market 73.5581 for properties listed there.
Situated 15.84km from the CBD, Punchbowl is one of Canterbury-Bankstown (A) localities in the postcode 2196.
Giving property investors a an average capital gain of -2.00% for the last year, Punchbowl, 2196 is the 753th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Punchbowl has increased when compared to the 5 year average annual rate.
The most recent median price for Punchbowl is $490000, with sellers offering an average of -8.04% off the asking price.
Residents and property investors in Punchbowl have been waiting around 70.5 days to sell a property.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 9.13%, investors should hope to achieve an overall return of 4.14%