With a capital gain of -8.40% for the last 12 months, Condell Park, 2200 has performed for property investments than its average annual 7.01% property growth over the last 5 years.
The five-year average increase in median property values for Condell Park,2200 has given property investors a potential capital gain of 19.86% across each of those five years.
Sellers are offering property buyers an average discount of -8.07% to buyers in Condell Park at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Condell Park the average time real estate has been on the market is 88.6957 days.
With the median price for a house in Condell Park being $845000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.69%
If you compare the increase in value of investment property in Condell Park, 2200 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.45%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Condell Park has increased when compared to the 5 year average annual rate.
Condell Park2200 is located in NSW which offers an average discount of -6.75% to property investors. Condell Park itself is showing figures that indicate -7.69% is the average achievable by property buyers investing in the suburb.
Situated 18.97km from the CBD, Condell Park is one of Canterbury-Bankstown (A) localities in the postcode 2200.