At number 3156th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the BOTTOM 30% with a property value increase of -3.11% recorded in median house prices.
A 43.84% growth in median value for property investors in Menai,2234 puts this suburb at number 1053th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Menai are currently offering property investors an average price cut of -3.55% below the asking price at the moment.
Menai is 833th on a list of best yielding suburbs for rents in NSW with a 3.47% return
Menai has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.88% to date .
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.
Our latest figures would indicate that property sellers in Menai are currently offering property investors an average price cut of -5.19% below the asking price at the moment.
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%