At number 2523th in the list of Australian suburbs ordered by increase in median house value over the last year, Dulwich Hill, 2203 is in the BOTTOM 50% with a property value increase of 13.51% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Dulwich Hill comes in at number 403th in NSW.
Property investors looking for a bargain in Dulwich Hill should be aiming for at least -2.99% off the asking price, which is the average vendor discount being achieved at the moment.
At number 3666 in a list of fastest selling suburbs, Dulwich Hill is in the bottom 30% of suburbs in Australia with an average of days on market 58.5278 for properties listed there.
With the median price for a house in Dulwich Hill being $1960000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.54%
Dulwich Hill has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.76% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Dulwich Hill comes in at number 356th in NSW.
Property buyers and investors in Dulwich Hill 2203 should be seeing an average reduction in asking price of around -4.04% . This means that Dulwich Hill is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Information supplied by:
Median House Price: $1,475,000
Current Yield (houses): 2.8%
Average annual growth (houses): 8.2%
Median Unit Price: $710k
Current Yield (units): 3.8%
Average annual growth (units): 6.6%
Tucked comfortably to Sydney’s CBD, Dulwich Hill is making impressive strides, with house values tracking an annual growth rate of 8.2%.
Director of Metropole Property Strategists, Michael Yardney, says that the suburb has a vibrant village feel with peaceful tree-lined streets on offer.
“Being connected to the CBD by light rail, it is hugely popular with young professional couples looking to reside in inner city living, closer to all amenities,” Yardney shares.
“Property investors and home buyers in Dulwich Hill usually go for one and two bedroom apartments, especially with district views in smaller boutique blocks.”