Investment property in Menai 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 -11.21%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Menai has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.74% to buyers in Menai at the moment, which is less than average for the rest of NSW.
In the last year 91 properties changed hands in Menai, which puts it as the 215th most active market in NSW when comparing the number of sales per suburb.
A $700 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 5.17%.
Giving property investors a an average capital gain of -3.46% for the last year, Menai, 2234 is the 843th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Menai,2234 has racked up an average of -3.46% over the period. This ranks it number 952th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.65% to buyers in Menai at the moment, which is less than average for the rest of NSW.
Menai, 2234’s gross rental yield is 4.02%