Springwood, 2777 ranked 411th in NSW when comparing growth in median property values or capital gain over the last 12 months. Springwood is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Springwood has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Springwood itself are offering an average vendor discount of -6.89% to real estate investors.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 6.94%, investors should hope to achieve an overall return of 3.59%
Investment property in Springwood has done 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 -12.33%
Over the longer term, Springwood has seen property prices show investors a 5.26% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Springwood is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.16%, investors should hope to achieve an overall return of 4.12%