At number 2084th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the top half with a property value increase of 3.18% recorded in median house prices.
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.
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 -6.80% is being offered, which puts this NSW suburb at 1265th most discounted overall in Australia.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Renters in Suburb are facing rents around $35360 per annum or $680 every week.
At number 1223th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the BOTTOM 40% with a property value increase of -2.82% recorded in median house prices.
Menai,2234 has offered an average of -2.82% 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 -4.69% is being offered, which puts this NSW suburb at 987th most discounted overall in Australia.
A $592.5 per week rent on the median house gives suburb investors a gross yield of circa 4.06%, without taking into account capital value appreciation, which has been averaging out at 6.87%.