Sydenham, 3037 ranked 410th 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.
Property investors looking for a bargain in Sydenham should be aiming for at least -7.88% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $400 mark per week – giving a return of 3.50% based on the median price in Suburb
Investment property in Sydenham has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.13%
Comparing Sydenham,3037 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Sydenham is $415250, with sellers offering an average of -7.09% off the asking price.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 5.28%.