At number 688th in the list of Australian suburbs ordered by increase in median house value over the last year, Coniston, 2500 is in the top 20% with a property value increase of 15.18% recorded in median house prices.
Comparing Coniston,2500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Coniston is giving property investors an average Vendor Discount of around -1.92%. This puts suburb at number 1212th in NSW when ranking the most discounted suburbs.
At number 414 in a list of fastest selling suburbs, Coniston is in the TOP 20% of suburbs in Australia with an average of days on market 41.41 for properties listed there.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 8.25%, investors should hope to achieve an overall return of 3.45%
Coniston has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.23% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coniston has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coniston, 2500. Typically our figures indicate that -5.33% is being offered, which puts this NSW suburb at 621th most discounted overall in Australia.
Situated 69.90km from the CBD, Coniston is one of Wollongong localities in the postcode 2500.