With a capital gain of 12.42% for the last 12 months, Arncliffe, 2205 has performed for property investments than its average annual 10.40% property growth over the last 5 years.
Across a shorter period, Arncliffe, 2205 has seen a median price increase of 0.57% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Arncliffe is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 786th in terms of most discounted suburbs in NSW
In the last year 52 properties changed hands in Arncliffe, which puts it as the 632th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 10.40%, investors should hope to achieve an overall return of 2.58%
Property investors who have had real estate in Arncliffe, 2205 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.26%
Comparing Arncliffe,2205 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -2.48% to buyers in Arncliffe at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $595 weekly from the median priced house in this suburb.
Arncliffe is 9km southwest of the Sydney CBD, and offers a relatively affordable housing market within easy reach of the CBD. Full summary
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Arncliffe is 9km southwest of the Sydney CBD, and offers a relatively affordable housing market within easy reach of the CBD.
It's is a mostly residential area with a mix of houses, townhouses and units. There are a sizeable number of Federation and Victorian homes, many of which offer renovation potential. Also in Arncliffe's favour is its general affordability: the median house price in the suburb is cheaper than Banksia and Rockdale. Indeed, a number of locals have no hesitation in calling Arncliffe a hidden gem.
It's a multicultural suburb, with a significant Middle Eastern influence. Weekly incomes are around average for NSW, with a diverse population of both white-collar and blue-collar workers. While there are some students, it's very much a family suburb.
Accessibility is excellent: the CBD is a 20-minute journey via direct train, and can also be reached by road via Southern Cross Drive or through Newtown. Connections to the inner west are also excellent, and the airport is minutes away – although locals report little aircraft noise. The suburb is also within easy reach of beaches at Brighton-Le-Sands.
Arncliffe's main shopping centre lies around Firth Street and Belmore Street, and extends part of the way along Forest Road. There are a wide range of eateries, many Middle Eastern, as well as supermarkets and cafes. Further retail amenities are in nearby Rockdale. There are several schools in the suburb, with the nearest hospital in Kogarah. Arncliffe also borders the prized Wolli Creek remnant bushland.
Arncliffe’s relative affordability in relation to its neighbours and suburbs closer to the CBD should fuel growth in the suburb. Favourite streets with locals include Broe Avenue, opposite Arncliffe Park, and Tantallon Avenue which features a number of heritage properties and provides views of Botany Bay from the south side of the street.