Giving property investors a an average capital gain of -3.15% for the last year, Sutherland, 2232 is the 2289th highest performer in Australia in this respect.
The five-year average increase in median property values for Sutherland,2232 has given property investors a potential capital gain of 40.07% across each of those five years.
Sutherland2232 is located in NSW which offers an average discount of -7.38% to property investors. Sutherland itself is showing figures that indicate -8.57% is the average achievable by property buyers investing in the suburb.
In the last year 41 properties changed hands in Sutherland, which puts it as the 629th most active market in NSW when comparing the number of sales per suburb.
Situated 22.51km from the CBD, Sutherland is one of Sutherland Shire (A) localities in the postcode 2232.
Investment property in Sutherland has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.19%
Over the longer term, Sutherland has seen property prices show investors a -5.29% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Sutherland is $595000, with sellers offering an average of -6.98% off the asking price.
Sutherland, 2232’s gross rental yield is 4.19%
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Admittedly, the central Sutherland Shire suburb of Sutherland isn’t the closest to the CBD, at more than 22km from the centre of Sydney as the crow flies. However, there is a direct rail link to Central station and to Wollongong – trains take about half an hour to reach the centre of Sydney.
The suburb also well served for amenities: there are a wide range of independent and chain stores on the Old Princes Highway and the East Parade. There are four schools in the suburb, a number of churches, and the nearest hospital is in Miranda. Sutherland also acts as a hub to access the wildlife reserves and beaches in the rest of the Shire, and the nearby Royal National Park.
Apartments make up approximately 17% of properties in Sutherland, and are significantly more affordable than in surrounding suburbs, with only Jannali units coming close. Renters make up 30% of the residents, providing a healthy rental market.
White collar workers make up nearly a quarter of the population, and weekly incomes are significantly higher than the NSW average. While population growth isn't as high as in some other areas of Sydney, it still charts in at a respectable 3,000 people between 2005 to 2009 – a 2.5% increase.
The combination of lifestyle, affordability and sluggish growth suggests that Sutherland could be in line for a growth spurt.