Faulconbridge, 2776 ranked 913th in NSW when comparing growth in median property values or capital gain over the last 12 months. Faulconbridge is one of 3163 in our list for NSW
Comparing Faulconbridge,2776 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Faulconbridge itself are offering an average vendor discount of -6.05% to real estate investors.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.72%, without taking into account capital value appreciation, which has been averaging out at 6.46%.
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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.