Padstow is in the bottom 30% in NSW when comparing median price capital growth over the last year. Padstow gave property investors a disappointing capital gain figure when compared to the rest of the state, with -10.89%.
Padstow,2211 has offered an average of -10.89% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Padstow are currently offering property investors an average price cut of -6.86% below the asking price at the moment.
Padstow, 2211’s gross rental yield is 3.29%
At number 696th in the list of Australian suburbs ordered by increase in median house value over the last year, Padstow, 2211 is in the top half with a property value increase of -1.14% recorded in median house prices.
A 23.52% growth in median value for property investors in Padstow,2211 puts this suburb at number 212th in terms of best performing suburbs in NSW
Padstow, 2211 is offering NSW ‘s 82th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Residents and property investors in Padstow have been waiting around 62.4583 days to sell a property.
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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.