NSW has seen average median house prices change by 11.67% which means that Flinders, 2529 has done well for property investors by showing a capital gain of 19.60% over the last year
Over the longer term, Flinders has seen property prices show investors a 43.75% return over the last 3 years. This is worse than over the last 12 months
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Flinders itself are offering an average vendor discount of -4.60% to real estate investors.
Flinders is 487th on a list of best yielding suburbs for rents in NSW with a 3.69% return
Property value increases in Flinders have tracked higher than the NSW average of 8.39% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Flinders has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Flinders is offering property investors an average of -4.11. This rate of discount on properties puts Suburb at number 219th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Flinders the average time real estate has been on the market is 29.9 days.
Advertised rents are around the $450 mark per week – giving a return of 4.31% based on the median price in Suburb