Menai, 2234 ranked 1024th 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
While Menai,2234 ranked number 984th in NSW for increase in median house value (annualised) increase, it is ranked 1179th over the last 5 years.
Property buyers and investors in Menai 2234 should be seeing an average reduction in asking price of around -8.63% . This means that Menai is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 5.29%, investors should hope to achieve an overall return of 2.93%
Investment property in Menai has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.26%
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.
At number 118 in a list of fastest selling suburbs, Menai is in the TOP 10% of suburbs in Australia with an average of days on market 34.6207 for properties listed there.
Advertised rents are around the $590 mark per week – giving a return of 3.72% based on the median price in Suburb