At number 2418th in the list of Australian suburbs ordered by increase in median house value over the last year, North Gosford, 2250 is in the BOTTOM 50% with a property value increase of -3.64% 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 North Gosford has increased when compared to the 5 year average annual rate.
Vendor discounting in North Gosford is giving property investors an average Vendor Discount of around -6.88%. This puts suburb at number 517th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in North Gosford the average time real estate has been on the market is 54.9375 days.
With the median price for a house in North Gosford being $595000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.93%
Over the last year, property investments in North Gosford, 2250 have given investors a capital gain of -12.84%. This compares very badly with the -3.83% for NSW as a whole.
While North Gosford,2250 ranked number 473th in NSW for increase in median house value (annualised) increase, it is ranked 165th over the last 5 years.
North Gosford2250 is located in NSW which offers an average discount of -6.91% to property investors. North Gosford itself is showing figures that indicate -8.69% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.