If you compare the increase in value of investment property in St Marys, 2760 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.02%.
Over the longer term, St Marys has seen property prices show investors a 1.33% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in St Marys are currently offering property investors an average price cut of -7.01% below the asking price at the moment.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 8.45%, investors should hope to achieve an overall return of 2.97%
Property value increases in St Marys have tracked close to the NSW average of 4.18% over the last 12 months.
St Marys,2760 was ranked 489 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.81% offered to property buyers. Sellers in St Marys itself are offering an average vendor discount of -4.70% to real estate investors.
In the last year 129 properties changed hands in St Marys, which puts it as the 88th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $360 mark per week – giving a return of 3.98% based on the median price in Suburb