Investment property in Colyton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.78%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Colyton has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Colyton is offering property investors an average of -7.34. This rate of discount on properties puts Suburb at number 506th in terms of most discounted suburbs in NSW
Colyton, 2760’s gross rental yield is 3.58%
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Popular rental gem near Penrith
Median house price: $632,500
Vacancy rate: 2.0%
Three-year growth: 24.0%
A residential suburb of Sydney situated just near Penrith and around 43km to the centre of the city, Colyton offers a wide range of price-points and property types for investors looking to secure a piece of Sydney’s real estate market.
It is situated around five minutes’ drive from St Marys and Mt Druitt train stations, and has its own school, Colyton Primary School, for family tenants. For those landlords with a budget around the half-million dollar mark, Colyton could deliver the goods, offering three-bedroom duplexes and townhouses that are in high demand with renters. If you’re seeking high depreciation returns, a little over $600,000 in this suburb buys a brand new, modern, three-bedroom duplex. Regardless of your property choice, you’re likely to enjoy low vacancy rates in this popular rental suburb.