It is at times like these, that people are looking to put their money in a stable investment, a place where prices are unlikely to depreciate and plummet quickly, and real estate is that place. Prices in Kellyville are holding strong, in fact on a month on month basis over the last 12 months, prices are slightly increasing.
KELLYVILLE MEDIAN PROPERTY PRICE (ANNUALLY)
Kellyville has 117 properties available for rent and 170 properties for sale. Median property prices over the last year range from $1,180,000 for houses to $790,000 for units. If you are looking for an investment property, consider houses in Kellyville rent out for $650 PW with an annual rental yield of 2.9% and units rent for $495 PW with a rental yield of 3.3%. Based on five years of sales, Kellyville has seen a compound growth rate of 4.9% for houses and 2.6% for units.
Rentals are well priced and affordable compared to surrounding suburbs. Median prices as follows:
- 1 bedroom unit $400 week
- 2 bedroom unit $490 week
- 3 bedroom unit $570 week
KELLYVILLE MEDIAN UNIT PROPERTY PRICE
A major benefit of buying in a developing suburb is picking up an investment close to the features that tenants are looking for. And Grandfield is absolutely teeming with location features:
- 400 metres to a brand new retail and dining precinct
- 4 km to the new Kellyville Train Station (approx. 6 min by car and 10 min by bus)
- 450 metres to a new park and community centre
- 22+ public and private schools in close reach
- Close to 27 kilometres of walking and cycle networks
Add these features to being within a 15 minute drive to the M2/M7 connection, 54km to Kingsford Smith Airport and just 4km to Rouse Hill Town Centre, it’s easy to see why investors are snapping up apartments within the Grandfield development.
Tenants are looking for properties that are easy to navigate, filled with natural light, secure and enjoy plenty of storage. They want properties that make sense. Grandfield offers 1, 2- and 3-bedroom apartments that all feature their own entertaining space, natural light, contemporary finishes, and relaxing living options. Combined with a rooftop retreat, these properties offer a fantastic lifestyle opportunity while still being close to daily facilities.
But don’t be fooled into thinking these are inner-city sized apartments. Laurus have ensured that the apartments are made for living instead of being cramped in with no free space. Kellyville is Sydney’s fastest growing suburb and is known as one of the most liveable suburbs due to the peaceful surrounds, pockets of rural area, and upgraded transport and facilities.Kellyville has long been recognised as a high-growth investment hot spot and is part of Sydney’s North West Priority Growth Area. With record low interest rates, now is a great time to look at adding to, or starting, your property portfolio at Grandfield Kellyville.
For more information visit the Grandfield Kellyville website.