If you compare the increase in value of investment property in Townsend, 2463 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.74%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Townsend has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Townsend is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 436th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 4.13%, investors should hope to achieve an overall return of 5.97%