Investment property in San Remo 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 15.38%
If we look at median property appreciation over just the last three months, San Remo has given property investors a paper return of 4.41%. This puts Suburb as 303 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.53% to buyers in San Remo at the moment, which is less than average for the rest of NSW.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.28%, without taking into account capital value appreciation, which has been averaging out at 7.35%.