Property investors who have had real estate in Cardiff, 2285 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.49%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cardiff has increased when compared to the 5 year average annual rate.
Vendor discounting in Cardiff is giving property investors an average Vendor Discount of around -3.39%. This puts suburb at number 675th in NSW when ranking the most discounted suburbs.
At number 197 in a list of fastest selling suburbs, Cardiff is in the TOP 20% of suburbs in Australia with an average of days on market 26.47 for properties listed there.
Advertised rents are around the $380 mark per week – giving a return of 4.20% based on the median price in Suburb
Cardiff is in the bottom 10% in NSW when comparing median price capital growth over the last year. Cardiff gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.87%.
The five-year average increase in median property values for Cardiff,2285 has given property investors a potential capital gain of 31.54% across each of those five years.
Property investors looking for a bargain in Cardiff should be aiming for at least -3.78% off the asking price, which is the average vendor discount being achieved at the moment.