Ambarvale, 2560 ranked 612th in NSW when comparing growth in median property values or capital gain over the last 12 months. Ambarvale is one of 3163 in our list for NSW
While Ambarvale,2560 ranked number 667th in NSW for increase in median house value (annualised) increase, it is ranked 788th over the last 5 years.
Property investors looking for a bargain in Ambarvale should be aiming for at least -4.36% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 7.01%.
Investment property in Ambarvale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.36%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ambarvale has increased when compared to the 5 year average annual rate.
Residents and property investors in Ambarvale have been waiting around 54.4615 days to sell a property.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of 5.46%, investors should hope to achieve an overall return of 4.81%
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%.