Picnic Point has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -14.28% to date .
Across a shorter period, Picnic Point, 2213 has seen a median price increase of -2.41% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Picnic Point is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 466th in terms of most discounted suburbs in NSW
In the last year 67 properties changed hands in Picnic Point, which puts it as the 367th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $650 mark per week – giving a return of 3.55% based on the median price in Suburb