If you're looking for an investment property in St George, it's likely that high capital growth will be one key feature you keep an eye out for in a home.
This figure can make or break a deal for many investors, as it actually shows how much a property grows in value over time. The higher the percentage, the more valuable the home can become.
Fortunately for owners of properties in Sydney, the state capital was the top performing city for capital gains over the 2013-14 financial year, according to RP Data.
Over that 12 month period, dwelling values rose by a large 15.4 per cent – the highest in the country.
Meanwhile, median house prices hit $690,000 at the end of June this year.
In addition to this, RP Data found Sydney was the standout city for total returns performance. Taking into account rental yields and capital growth, investors in Sydney enjoyed a high 20.2 per cent total return over the financial year.
The future for more capital growth for property looks bright, too. In the latest state budget for NSW, the government outlined how it will spend $10.2 billion on infrastructure. Roads, rail links and other transport infrastructure will see an improvement.
With the cash rate staying at a low of 2.5 per cent for yet another month, the window to the world of property investment is still wide open.