Investment property in Bexley has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.67%
Comparing Bexley,2207 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Bexley is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 109th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 7.75 sales per month, which equates to 93 per year.
With the median price for a house in Bexley being $1000000 and the advertised rent reaching $630 the gross rental yield for property investors calculates out to be 3.28%
Bexley is an average performer in NSW when comparing median price capital growth over the last year. Bexley gave property investors a average capital gain figure when compared to the rest of the state, with -6.92%.
Taking the average capital gain, or increase in median house value, Bexley,2207 has racked up an average of -6.92% over the period. This ranks it number 967th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Bexley should be aiming for at least -7.22% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 96 properties changed hands in Bexley, which puts it as the 108th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Bexley, 2207 is in the Rockdale (C) local government area.