NSW has seen average median house prices change by -4.21% which means that Toronto, 2283 has not done well for property investors by showing a capital gain of 0.00% over the last year
Across a shorter period, Toronto, 2283 has seen a median price increase of -2.17% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Toronto itself are offering an average vendor discount of -6.45% to real estate investors.
At number 1300 in a list of fastest selling suburbs, Toronto is in the TOP 40% of suburbs in Australia with an average of days on market 68.7885 for properties listed there.
Property investors should expect to get $375 weekly from the median priced house in this suburb.
Over the last year, property investments in Toronto, 2283 have given investors a capital gain of -0.79%. This compares favourably with the -4.02% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Toronto has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Toronto are currently offering property investors an average price cut of -6.60% below the asking price at the moment.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
Advertised rents are around the $385 mark per week – giving a return of 4.55% based on the median price in Suburb