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Jordan Springs | Rental Return

September 3, 2012 4:08 pm
posted by James Parnwell

Jordan SpringsJordan Springs is such a new suburb that I thought a brief discussion on the rental return received by my case studies and those of the surrounding suburbs would be helpful to potential investors!

Jordan Springs Rental Return Breakdown

The following is a breakdown of the rental return for the Jordan Springs Case Studies outlines earlier.

Case Study Purchase Price Weekly Rent Rental Return
#1  $  435,000.00  $  495.00 5.9%
#2  $  439,000.00  $  510.00 6.0%
#3  $  435,000.00  $  470.00 5.6%
#4  $  435,000.00  $  520.00 6.2%
#5  $  485,000.00  $  540.00 5.8%
Average 5.9%

 

The average rental return in all of the Case Studies is 5.9%.

Here is some data on the Rental Return from Colliers International and RP Data for the surrounding suburbs…

Suburb Rental Return p.a.
Cambridge Gardens 5.1%
Cambridge Park 5.6%
Cranebrook 5.3%
Penrith 5.4%
Werrington County 5.6%
Werrington Downs 5.8%
Average 5.5%

 

I guess it can be concluded that the examples in the Case Studies are not dissimilar to those of the surrounding suburbs, with Jordan Springs appearing to be 0.4% higher. The anecdotal evidence for the Penrith area is that rental properties are difficult to get. People I have spoken to tell me that when they go to look at a property they tend to be joined by 20-30 other prospective tenants. This seems to be the case in most of Sydney. The shortage of properties in Jordan Springs has led to rental prices increasing steadily.

Article by James Parnwell

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  1. […] as some background data and research on the area so we can look at the expected capital growth and rental return for Jordan Springs. I’ll fill you in on some of the news and happenings in the area and help […]