Property value increases in Minto have tracked just lower than the NSW average of -4.21% over the last 12 months.
Minto,2566 has offered an average of -9.92% return per annum in house price rises to property investors over the last three years.
Minto2566 is located in NSW which offers an average discount of -7.38% to property investors. Minto itself is showing figures that indicate -8.76% is the average achievable by property buyers investing in the suburb.
At number 877 in a list of fastest selling suburbs, Minto is in the TOP 30% of suburbs in Australia with an average of days on market 61.5571 for properties listed there.
Property investors who have had real estate in Minto, 2566 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.52%
Over the longer term, Minto has seen property prices show investors a 5.39% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Minto is $430000, with sellers offering an average of -10.38% off the asking price.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 7.66%.
Information supplied by:
Median house price: $637,750
Stock on market: -23.3%
12-month growth: -3.4%
Named for the Earl of Minto back in 1882, the Sydney suburb of Minto is known for being the birthplace of quite a few known Rugby league players.
The sports minded will certainly enjoy Minto’s facilities, which include the Minto Indoor Sports Centre. Local basketball and netball teams have played here, with the Macarthur Heat team of NSW’s State Basketball League claiming the sports centre as its home court. The local rugby team plays at the Townson Oval.
After some controversy regarding its maintenance, Minto Mall was sold and eventually refurbished into Minto Marketplace. This new shopping centre contains a Woolworths, Kmart and other retail shops.
Following a positive growth period from 2014-2017, house prices began to slip over January 2018-2019. The number of houses also fell from 58 to 42 in March 2018-2019.