At number 3865th in the list of Australian suburbs ordered by increase in median house value over the last year, Pitt Town, 2756 is in the BOTTOM 10% with a property value increase of -17.27% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pitt Town has increased when compared to the 5 year average annual rate.
Pitt Town, 2756 is offering NSW ‘s 40th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
A $597.5 per week rent on the median house gives suburb investors a gross yield of circa 2.73%, without taking into account capital value appreciation, which has been averaging out at 12.77%.