Investment property in Pottsville 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 10.89%
The five-year average increase in median property values for Pottsville,2489 has given property investors a potential capital gain of 49.46% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Pottsville itself are offering an average vendor discount of -2.63% to real estate investors.
Renters in Suburb are facing rents around $6870 per annum or $572.5 every week.
Pottsville has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.05% to date .
Across a shorter period, Pottsville, 2489 has seen a median price increase of 3.80% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Pottsville is offering property investors an average of -4.57. This rate of discount on properties puts Suburb at number 361th in terms of most discounted suburbs in NSW
In the last year 68 properties changed hands in Pottsville, which puts it as the 212th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Pottsville, 2489 is in the Tweed local government area.