Sydenham, 3037 ranked 382th in VIC when comparing growth in median property values or capital gain over the last 12 months. Sydenham is one of 2099 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sydenham has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.79% to buyers in Sydenham at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.
Situated 21.46km from the CBD, Sydenham is one of Brimbank (C) localities in the postcode 3037.
Property value increases in Sydenham have tracked higher than the VIC average of 2.97% over the last 12 months.
A 45.76% growth in median value for property investors in Sydenham,3037 puts this suburb at number 83th in terms of best performing suburbs in VIC
Sydenham3037 is located in VIC which offers an average discount of -5.13% to property investors. Sydenham itself is showing figures that indicate -3.67% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.98%, investors should hope to achieve an overall return of 4.23%