Property investors who have had real estate in Menai, 2234 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.12%
A 50.71% growth in median value for property investors in Menai,2234 puts this suburb at number 1063th in terms of best performing suburbs in NSW
Vendor discounting in Menai is giving property investors an average Vendor Discount of around -7.27%. This puts suburb at number 208th in NSW when ranking the most discounted suburbs.
With the median price for a house in Menai being $1055000 and the advertised rent reaching $660 the gross rental yield for property investors calculates out to be 3.25%
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 0.65%
Menai,2234 has offered an average of 0.65% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Menai, 2234. Typically our figures indicate that -4.97% is being offered, which puts this NSW suburb at 744th most discounted overall in Australia.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 7.13%, investors should hope to achieve an overall return of 3.69%