North Willoughby

POSTAL CODE: NSW, 2068
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NORTH WILLOUGHBY, 2068 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling NORTH WILLOUGHBY, 2068 values up and netting property investors a capital gain of 6.48% for the past year.

Investors saw the median home price rise to $3,900,000.

Profits due to an upward trend in home prices in the suburb averaged 2.78% per annum over a 3-year period.

NORTH WILLOUGHBY now ranks at the 24th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $1495 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NORTH WILLOUGHBY, homes and units usually stay on listing for an average of 42.7 days.

In 2016, 49 properties were sold in NORTH WILLOUGHBY during the past year, making it the 407th most active market in NSW based on total real estate transactions.

Surburb overview

North Willoughby, located approximately 9 kilometres north of Sydney's central business district, is a suburb on the Lower North Shore within the City of Willoughby. It shares the 2068 postcode with adjacent suburbs such as Willoughby, East, and Castlecrag.

As of the 2021 census, North Willoughby had 4,161 residents, with a median age of 40. The majority, 61.4%, were born in Australia, with other common countries of birth including China (6.0%), England (3.4%), and Hong Kong (2.6%). English was the only language spoken at home by 64.4% of residents, while other languages spoken included Mandarin (7.1%), Cantonese (5.3%), and Armenian (2.5%).

The suburb features a small commercial area along Penshurst Street, which includes various shops, cafes, and the historic Willoughby Hotel, established in 1899. Another notable commercial hub is the High Street Markets, offering a range of local shops, including Harris Farm Markets, cafes, and restaurants.

Public transportation in North Willoughby has bus routes connecting the suburb to Sydney's CBD and surrounding areas. Chatswood and Artarmon's nearest train stations provide additional transit options for residents.

In terms of housing, North Willoughby offers a mix of architectural styles, including heritage-listed homes and modern residences. The suburb is known for its leafy streets and family-friendly atmosphere.

Recent developments in the area include a proposed $31 million project to build 36 rental apartments and five commercial spaces on Penshurst Street. This development aims to address the rental housing shortage and contribute positively to the local character.

North Willoughby offers a blend of residential charm, convenient amenities, and accessibility to Sydney's central areas, making it a desirable suburb for many residents. 

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