Property value increases in Magenta have tracked higher than the NSW average of 8.12% over the last 12 months.
While Magenta,2261 ranked number 1332th in NSW for increase in median house value (annualised) increase, it is ranked 1146th over the last 5 years.
At number 659th in the list of Australian suburbs ordered by increase in median house value over the last year, Magenta, 2261 is in the top 40% with a property value increase of 6.84% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Magenta,2261 has racked up an average of 6.84% over the period. This ranks it number 1132th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 1.72%, investors should hope to achieve an overall return of 4.50%