Property investors who have had real estate in Padstow, 2211 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 decrease in value by -0.83%
A 15.89% growth in median value for property investors in Padstow,2211 puts this suburb at number 463th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Padstow should be aiming for at least -5.58% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Padstow have been waiting around 45.7302 days to sell a property.
Padstow is 813th on a list of best yielding suburbs for rents in NSW with a 3.28% return
Padstow has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.27% to date .
Comparing Padstow,2211 ‘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 Padstow is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 210th in terms of most discounted suburbs in NSW
Padstow, 2211’s gross rental yield is 3.47%
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Accessibility draws unit buyers
Median unit price: $777,500
Three-year growth: 46.7%
Rental yield: 3.3%
Bounded by Salt Pan Creek and the M5 motorway, the suburb of Padstow is a highly accessible suburb just 22km from the Sydney CBD.
The unit market here has seen significant growth over the past five years, with an average annual growth rate of 7.8% leading up to November 2017. Apartments spent an average of just 53 days on the market, indicating considerable demand from buyers.
Padstow has many amenities, including several public schools, a private primary school and a special needs school. A shopping centre is located near the local railway station and several shops scattered throughout the suburb. Padstow station is a stop along the Sydney Trains Airport, Inner West and South Line. There are also several buses linking to Bankstown, Milperra and Parramatta.