Property investors who have had real estate in St Marys, 2760 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.23%
Over the longer term, St Marys has seen property prices show investors a 1.53% return over the last 3 years. This is an improvement over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in St Marys itself are offering an average vendor discount of -8.13% to real estate investors.
In the last year 92 properties changed hands in St Marys, which puts it as the 281th most active market in NSW when comparing the number of sales per suburb.
Situated 40.90km from the CBD, St Marys is one of Penrith (C) localities in the postcode 2760.
With a capital gain of 9.01% for the last 12 months, St Marys, 2760 has performed for property investments than its average annual 5.90% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Marys has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.05% offered to property buyers. Sellers in St Marys itself are offering an average vendor discount of -3.83% to real estate investors.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.90%, investors should hope to achieve an overall return of 3.92%