Arncliffe has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.98% to date .
Over the longer term, Arncliffe has seen property prices show investors a -8.33% return over the last 3 years. This is an improvement over the last 12 months
Renters in Suburb are facing rents around $33800 per annum or $650 every week.
Arncliffe is an average performer in NSW when comparing median price capital growth over the last year. Arncliffe gave property investors a average capital gain figure when compared to the rest of the state, with -3.30%.
While Arncliffe,2205 ranked number 302th in NSW for increase in median house value (annualised) increase, it is ranked 474th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Arncliffe itself are offering an average vendor discount of -5.13% to real estate investors.
Residents and property investors in Arncliffe have been waiting around 75.4872 days to sell a property.
Arncliffe is 190th on a list of best yielding suburbs for rents in NSW with a 4.33% return
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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.