Property value increases in Engadine have tracked just higher than the NSW average of 11.67% over the last 12 months.
A 71.90% growth in median value for property investors in Engadine,2233 puts this suburb at number 225th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -5.02% to buyers in Engadine at the moment, which is less than average for the rest of NSW.
With the median price for a house in Engadine being $1040000 and the advertised rent reaching $640 the gross rental yield for property investors calculates out to be 3.20%
Investment property in Engadine has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.69%
Comparing Engadine,2233 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Engadine should be aiming for at least -10.67% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.61%, investors should hope to achieve an overall return of 3.14%