Property value increases in Menai have tracked close to the NSW average of 8.77% over the last 12 months.
If we look at median property appreciation over just the last three months, Menai has given property investors a paper return of 1.38%. This puts Suburb as 793 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Menai is offering property investors an average of -4.79. This rate of discount on properties puts Suburb at number 58th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Menai the average time real estate has been on the market is 50.2745 days.
Menai is 638th on a list of best yielding suburbs for rents in NSW with a 3.29% return
Menai, 2234 ranked 229th in NSW when comparing growth in median property values or capital gain over the last 12 months. Menai is one of 3163 in our list for NSW
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.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.60% offered to property buyers. Sellers in Menai itself are offering an average vendor discount of -2.98% to real estate investors.
Renters in Suburb are facing rents around $29640 per annum or $570 every week.