Investment property in Mount Druitt 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 -5.56%
A 37.99% growth in median value for property investors in Mount Druitt,2770 puts this suburb at number 777th in terms of best performing suburbs in NSW
Property buyers and investors in Mount Druitt 2770 should be seeing an average reduction in asking price of around -6.59% . This means that Mount Druitt is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Situated 37.74km from the CBD, Mount Druitt is one of Blacktown (C) localities in the postcode 2770.
Mount Druitt, 2770 ranked 337th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mount Druitt is one of 3163 in our list for NSW
The five-year average increase in median property values for Mount Druitt,2770 has given property investors a potential capital gain of 28.02% 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 Mount Druitt, 2770. Typically our figures indicate that -8.49% is being offered, which puts this NSW suburb at 188th most discounted overall in Australia.
At number 788 in a list of fastest selling suburbs, Mount Druitt is in the bottom 40% of suburbs in Australia with an average of days on market 84.1864 for properties listed there.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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Affordable suburb sustains demand
Median unit price: $425,000
Three-year growth: 34.9%
Rental yield: 4.3%
Named for original landowner Major George Druitt, the suburb of Mount Druitt has been undergoing redevelopment to maximise its excellent amenities, including a hospital, shopping centre, train station and schools.
Given its distance from the Sydney CBD, the suburb is quite affordable, with the median unit price coming in at $425,000. Even with the low prices, Mount Druitt has recorded steady growth over the past five years, with an average annual growth rate of 7%. Rental returns are reasonable at an average of 4.3%, which could be attractive for investors looking for a cheaper investment in NSW.
Sellers benefit from the strong conditions in this suburb – apartments spend an average of just 44 days on the market before being sold. They sell at good prices as well – the average discount rate is just 4%.