NSW has seen average median house prices change by -3.87% which means that Ambarvale, 2560 has not done well for property investors by showing a capital gain of -7.28% over the last year
While Ambarvale,2560 ranked number 476th in NSW for increase in median house value (annualised) increase, it is ranked 509th over the last 5 years.
Our latest figures would indicate that property sellers in Ambarvale are currently offering property investors an average price cut of -6.45% below the asking price at the moment.
Often selling an investment property can take time, and in Ambarvale the average time real estate has been on the market is 50.45 days.
Ambarvale, 2560’s gross rental yield is 3.89%
Information supplied by:
Vacancies drop further
Median unit price: $372,250
Vacancy rate: 1.4%
Three-year growth: 14.0%
Located in the Macarthur district of the Campbelltown LGA, the suburb of Ambarvale is mainly residential with a combination of public and private housing.
Once the home of the Tharawal people, the area still carries traces of the culture through engravings in the rock and cave paintings, among others. Since it was officially established in 1976, the suburb has developed into a well-stocked suburb that’s close to the Macarthur Square shopping centre – one of the largest in southwestern Sydney. Within Ambarvale itself is an ALDI shopping centre and the Ambarvale Tavern, which houses a bistro. The Macarthur railway station is only a short distance away.
Vacancies were already limited in Ambarvale in February 2018, but things have tightened further, with the average vacancy rate going from 1.8% to 1.4%. The rental yield for landlords is a reasonable 4.6%.