At number 3658th in the list of Australian suburbs ordered by increase in median house value over the last year, Summerland Point, 2259 is in the BOTTOM 20% with a property value increase of -13.02% 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 Summerland Point has increased when compared to the 5 year average annual rate.
Vendor discounting in Summerland Point is giving property investors an average Vendor Discount of around -10.59%. This puts suburb at number 51th in NSW when ranking the most discounted suburbs.
At number 3203 in a list of fastest selling suburbs, Summerland Point is in the bottom 20% of suburbs in Australia with an average of days on market 114.139 for properties listed there.
With the median price for a house in Summerland Point being $507500 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 4.35%