Based on its average 5-year and quarterly capital gains NORTH SYDNEY, 2060 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that NORTH SYDNEY, 2060 obtained a 10.55% growth over a ten-year period. It ranks 3128th on our list of suburbs that property investors should look into.
NORTH SYDNEY, 2060 in NSW belongs to the local government area of North Sydney.
NORTH SYDNEY, 2060 has a capital gain of 27.52% for the past year, which is higher than average compared to its 123.71% growth within a five-year period.
With the median home price in NORTH SYDNEY sitting at $2,595,000, and the average rent at $1172.5, property owners could potentially earn a 2.35% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH SYDNEY are low, as opposed to average gains per annum over the past five years.
A 27.52% increase in median property prices in NORTH SYDNEY, 2060 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 45th.
A steady increase in median property prices over a five-year period in NORTH SYDNEY, 2060 translates to a 13.92% capital gain.
NORTH SYDNEY, 2060 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $957,500.
Profits due to an upward trend in home prices in NORTH SYDNEY, 2060 averaged 4.64% per annum over a 3-year period.
Home owners selling their properties and realtors in NORTH SYDNEY usually have to wait an average of 62.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $640 mark, reflecting a 3.48% increase in returns based on the current median price in NORTH SYDNEY.
NORTH SYDNEY, 2060 places 275th in Australia based on median property value growth during the quarter.
With a thriving commercial district and laid back atmosphere, North Sydney is an ideal destination for investors looking to expand their real estate portfolio and families seeking a new home without straying too far from the trappings of a modern city life. Located on the Lower North Shore of Sydney, North Sydney is home to high-rise commercial properties, as well as museums, sports clubs, and several shopping complexes while serving as the seat of power for the local government.
The area has a population of 6,057, with a median age of 34. A huge portion of its workforce is made up of young professionals hailing from the advertising, marketing, printing and publishing, and information technology sectors. Most properties are rented units, apartments, and flats, with the occasional 19th century homes and classic churches breaking the monotony. The area has no shortage of universities and schools run by well-recognized academic organizations.
Investments continue to pour into North Sydney's real estate environment as foreign companies snap up rental properties in its commercial district. The outlook is favourable for buyers flipping both old and new office towers, as office market fundamentals and rental growth remain strong. Technology behemoths such as Cisco Systems, Sun Microsystems, Symantec, and Optus are among these buildings' current inhabitants.