Giving property investors a an unimpressive capital gain of -7.17% for the last year, Faulconbridge, 2776 is the 2980th highest performer in Australia in this respect.
Faulconbridge,2776 has offered an average of -7.17% return per annum in house price rises to property investors over the last three 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 Faulconbridge, 2776. Typically our figures indicate that -7.42% is being offered, which puts this NSW suburb at 1215th most discounted overall in Australia.
In the last year 68 properties changed hands in Faulconbridge, which puts it as the 358th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Faulconbridge being $628000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.64%
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Faulconbridge is a small community within NSW’s Blue Mountains region. It is roughly 77km west of Sydney, perched within a high lying hilly area. Despite its small size, it is well equipped. A decent selection of shops, petrol stations and restaurants line its main street, while a train station and preschool are nearby.
Rental yields are currently very favourable – over 8% – while the low proportion of renters in the area (13%), suggests that there is little competition for rents among landlords. With a vacancy rate of only 1.46%, the struggle may in fact be on the tenants’ side to find a property they can rent, hinting that rental growth may continue.
The 97 days in which properties are typically on the market indicates that buyers are fairly interested in the area. They’ll have certain difficulties getting into it, however, with just 1.48% of properties in the town up for sale. With limited supply and good demand, prices could very well march upwards soon.