Property value increases in Menai have tracked just lower than the NSW average of 10.58% over the last 12 months.
Menai,2234 has offered an average of 7.00% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Menai is giving property investors an average Vendor Discount of around -9.87%. This puts suburb at number 53th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $670 mark per week – giving a return of 3.26% based on the median price in Suburb
Property value increases in Menai have tracked just lower than the NSW average of 7.26% over the last 12 months.
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.
Property investors looking for a bargain in Menai should be aiming for at least -2.44% off the asking price, which is the average vendor discount being achieved at the moment.
Menai is 411th on a list of best yielding suburbs for rents in NSW with a 3.58% return