Investment property in Menai has done pretty 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 -1.64%
Taking the average capital gain, or increase in median house value, Menai,2234 has racked up an average of -1.64% over the period. This ranks it number 2698th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Menai 2234 should be seeing an average reduction in asking price of around -3.41% . This means that Menai is holding prices well when compared to other suburbs in NSW.
In the last year 131 properties changed hands in Menai, which puts it as the 234th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Menai, 2234 is in the Sutherland Shire (A) local government area.
Giving property investors a an unimpressive capital gain of -5.00% for the last year, Menai, 2234 is the 1278th highest performer in Australia in this respect.
Across a shorter period, Menai, 2234 has seen a median price increase of -2.21% over the last quarter.
Vendor discounting in Menai is giving property investors an average Vendor Discount of around -5.19%. This puts suburb at number 295th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
With the median price for a house in Menai being $750500 and the advertised rent reaching $585 the gross rental yield for property investors calculates out to be 4.05%