Property investors who have had real estate in Panania, 2213 should be unhappy 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 -10.45%
When looking at the potential capital gains offered to property investors over the last 3 years, Panania comes in at number 1059th in NSW.
The most recent median price for Panania is $900000, with sellers offering an average of -7.07% off the asking price.
At number 1182 in a list of fastest selling suburbs, Panania is in the TOP 40% of suburbs in Australia with an average of days on market 66.5814 for properties listed there.
With the median price for a house in Panania being $900000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.47%
Over the last year, property investments in Panania, 2213 have given investors a capital gain of 4.26%. This compares very favourably with the -4.02% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Panania has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Panania, 2213. Typically our figures indicate that -4.54% is being offered, which puts this NSW suburb at 887th most discounted overall in Australia.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
With the median price for a house in Panania being $735000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.33%