Sylvania has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.60% to date .
While Sylvania,2224 ranked number 235th in NSW for increase in median house value (annualised) increase, it is ranked 258th over the last 5 years.
Sellers are offering property buyers an average discount of -2.15% to buyers in Sylvania at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $8400 per annum or $700 every week.
Sylvania, 2224 ranked 193th in NSW when comparing growth in median property values or capital gain over the last 12 months. Sylvania is one of 3163 in our list for NSW
Across a shorter period, Sylvania, 2224 has seen a median price increase of -1.83% over the last quarter.
Property investors looking for a bargain in Sylvania should be aiming for at least -16.67% off the asking price, which is the average vendor discount being achieved at the moment.
At number 240 in a list of fastest selling suburbs, Sylvania is in the bottom 40% of suburbs in Australia with an average of days on market 51.1 for properties listed there.
Advertised rents are around the $590 mark per week – giving a return of 3.22% based on the median price in Suburb