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Naremburn

POSTAL CODE: NSW, 2065
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Property investments in NAREMBURN did not fare well against the rest of the country last year, registering a median home price decrease of -7.87%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains NAREMBURN, 2065 saw average growth in the long term.

Real estate investors could earn a rental income of $995 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 27.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $3,067,944.

NAREMBURN ranks 1088th on the list of best yielding suburbs for rental properties in NSW, posting a 1.69% return.

Surburb overview

Naremburn is a suburb on the Lower North Shore and part of the local government area of the City of Willoughby. Located 6 kilometres north of the Sydney CBD, the suburb occupies approximately 124 hectares, bounded generally by the Gore Hill Freeway and the walking track in the north, the North Sydney Council area, Mark Street, Hamilton Avenue, Palmer Street and Wheatleigh Street in the east, Chandos Street, Oxley Street, Henry Lane, Christie Street and Evans Lane in the south and the railway line and Francis Street in the west.

The suburb is one of North Shore’s top-performing suburbs in 2018, with a median house price of $2.33 million, median unit price of $1.1 million and annual growths of 13 per cent for houses and 9.4 per cent for units.

ABOUT NAREMBURN

History

Sydney’s North Shore was originally inhabited by the Birrabirragal, Boregal, Kuringgai, Wallumedegal, Gorualgal and Cammeraygal Aboriginal people.

Between 1794 and 1814, the first European settlement was recorded across the land now known as the local government areas of Hornsby Shire, Ku-ring-gai Council, Municipality of Lane Cove, Mosman Council, City of Willoughby, Municipality of Hunters Hill and North Sydney Council. The LGAs were named after notable European settlers, including Police Constable Samuel Horne, John Lane, Archibald Mossman, Sir James Willoughby Gordon, Captain John Hunter, and 1st Viscount Sydney Thomas Townshend. Only the Ku-ring-gai Council was named after its original inhabitants, the Kuringgai Aboriginal people.

Based on the Cumberland County mapping from 1792 to 1894, four local government areas were derived from the Parish of Willoughby, including the City of Willoughby, Mosman Council, Municipality of Lane Cove and North Sydney, which was formerly known as St Leonards

Naremburn was originally known as Central Township, with the earliest land grant recorded in 1794, granted to Humphrey Evans and Peter Dargan. The suburb’s post office was opened in 1882 and then closed in 1996.

During the post-war years, the rest of North Shore also saw the most significant development, with population and medium- to high-density housing growing rapidly. Several suburbs stood out as growth centres, including Castle Hill, Cherrybrook, Dural, Gordon, Killara, St Ives, Turramurra, Wahroong, Chatswood, Artarmon, St Leonards and North Sydney, 

The 21st century saw urban consolidation across the region, with multiple infrastructure, transport systems and different types of dwellings built to support the needs of the 400,000-strong population of the entire North Shore area.

Demographics

As of 2019, Naremburn is home to 6,651 people, with a population density of 53.54 persons per hectare. Australia-born citizens represent 61.4 per cent of the local population, with other residents born in England, China and New Zealand. About 72.4 per cent of people spoke only English at home, while others speak Mandarin, Cantonese and Japanese.

LIFESTYLE

Most of the land across the North Shore region are predominantly residential, with significant rural, commercial, industrial and military use as well as parklands, reserves, waterways, foreshores, beaches and bushlands.

Sydney’s North Shore is known mainly for its elegant neighbourhoods that are sought-after by professionals and families for its prestigious school catchments and easy access to the city centre, major commercial areas and employment hubs through efficient transport systems.

The region also boasts multiple well-known landmarks across its local government areas, as well as several multicultural festivals.

Public transport

All local government areas in the North Shore region are serviced by the Pacific Highway. 

Hornsby Shire and Ku-ring-gai Council are served by the Sydney-Newcastle Freeway while the Lane Cove Council is served by the Lane Cove Tunnel, the City of Willoughby served by the Gore Hill Freeway, the North Sydney Council served by the Bardfield Highway and Warringah Freeway and Hornsby Shire served by the Hills (M2) Motorway, and Pennant Hills Road.

The North Shore railway line runs through Hornsby Shire, Ku-ring-gai Council, the City of Willoughby and the North Sydney Council, while the Northern and Central Coast & Newcastle railway lines run through Hornsby Shire.

North Shore, Northern & Western Line provides access to the Sydney CBD, while ferries connect harbourside suburbs to Circular Quay and the CBD. Transdev NSW and State Transit Authority provide bus services across Upper North Shore and Lower North Shore, respectively.

The closest railway station to Naremburn is the St Leonards railway station, which is part of the Northern and North Shore & Western Lines of the Sydney Trains network.

Bus routes 257 from Balmoral and 343 from Sydney CBD travel through Naremburn to Chatswood, with stops along Willoughby Road.

The upcoming Sydney Metro, which is expected to commence operations in 2019, will run through Chatswood and Crows Nest, linking Sydney’s North West and South West to Sydney City.

Schools and universities

Some of the most notable schools across Sydney’s North Shore are:

  • TAFE NSW Northern Sydney Institute (Hornsby College)
  • TAFE NSW Northern Sydney Institute (St Leonards Campus)
  • TAFE NSW Northern Sydney Institute (Bradfield Senior College)
  • Saint Ignatius’ College Riverview
  • The Northern Sydney Institute (McMahons Point Campus)
  • Australian Catholic University (North Sydney - MacKillop Campus)
  • Sydney Church of England Grammar School
  • St Joseph’s College

Hospitals

Among the major hospitals in North Shore are:

  • Sydney Adventist Hospital (The SAN)
  • Lady Davidson Private Hospital
  • Hornsby Ku-ring-gai Hospital
  • HammondCare McMahons Point Hospital
  • Royal North Shore Hospital
  • North Shore Private Hospital
  • The Mater Hospital

Landmarks

Some of the major landmarks across North Shore are:

  • Luna Park
  • Chinese Christian Church
  • St Leonards Catholic Church
  • Naremburn Cammeray Anglican Church
  • North Sydney Circle Walk
  • Sydney Harbour Bridge
  • Great North Walk
  • Parramatta River Regional Park (Bedlam Bay)
  • The Priory
  • Sydney Harbour National Park
  • HMAS Penguin Naval Base
  • Taronga Zoo
  • Mosman Art Gallery

Shopping centers

Naremburn features a small shopping strip on Willoughby Road as its major commercial area, about a ten-minute walk from Crows Nest.

Other major shopping centres and shopping districts across North Shore are:

  • St Ives Village Shopping Centre
  • Westfield Hornsby Shopping Centre
  • Hornsby Mall
  • Lane Cove Plaza
  • Lane Cove Market Square
  • Chatswood Chase Shopping Centre
  • Westfield Chatswood Shopping Centre
  • Chatswood Central
  • Bridgepoint Shopping Centre

Sports and recreation

North Shore’s residents and visitors enjoy several sports activities, including golf and swimming. The region is home to notable sports centres, such as the North Sydney Olympic Pool and North Sydney Oval.

Other sports centres in Sydney’s North Shore are:

  • Asquith Golf Club
  • Pennant Hills Golf Club
  • Thornleigh Brickpit Sports Stadium
  • Hornsby Aquatic and Leisure Centre
  • Galston Aquatic and Leisure Centre
  • Lane Cove Aquatic Centre
  • Lane Cove Golf Course
  • Castlecove Golf Club 
  • Chatswood Golf Club
  • Northbridge Golf Club
  • Mosman Swim Centre
  • Cammeray Golf Course
  • North Sydney Olympic Pool
  • North Sydney Oval

 

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