Property value increases in Glenmore Park have tracked close to the NSW average of 0.15% over the last 12 months.
The five-year average increase in median property values for Glenmore Park,2745 has given property investors a potential capital gain of 22.34% across each of those five years.
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 Glenmore Park, 2745. Typically our figures indicate that -5.81% is being offered, which puts this NSW suburb at 1893th most discounted overall in Australia.
Often selling an investment property can take time, and in Glenmore Park the average time real estate has been on the market is 40.8898 days.
Advertised rents are around the $520 mark per week – giving a return of 3.76% based on the median price in Suburb
With a capital gain of -4.24% for the last 12 months, Glenmore Park, 2745 has performed for property investments than its average annual 4.21% property growth over the last 5 years.
Comparing Glenmore Park,2745 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Glenmore Park should be aiming for at least -7.48% off the asking price, which is the average vendor discount being achieved at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 4.21%.