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Allambie Heights

POSTAL CODE: NSW, 2100
HOUSE

Property investments in ALLAMBIE HEIGHTS did not fare well against the rest of the country last year, registering a median home price decrease of 6.24%.

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 ALLAMBIE HEIGHTS, 2100 saw average growth in the long term.

Real estate investors could earn a rental income of $1250 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 35.4 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 $2,682,500.

ALLAMBIE HEIGHTS ranks 943rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.42% return.

Surburb overview

Allambie Heights, located approximately 17.5 kilometres northeast of Sydney's central business district, is a suburb within the Northern Beaches region. According to the 2021 Census, it has a population of approximately 7,317.

The suburb's name is from an Aboriginal word meaning "peaceful place." Development in Allambie Heights began in the late 1940s and early 1950s.

Allambie Heights public transport has bus routes connecting the suburb to major hubs such as Warringah Mall, Manly, and the Sydney CBD. The main business area is adjacent to the local community centre and primary school, which provides residents with essential services and shopping facilities.

Educational institutions in Allambie Heights include Allambie Heights Public School, Arranounbai School, and The Beach School, which cater to the community's various academic needs.

The suburb borders to the south by Manly Dam Reserve, also known as War Memorial Reserve, home to diverse plant and animal species. Notably, Gumbooya Reserve within the suburb contains Aboriginal rock carvings, highlighting the area's cultural heritage. To the north, Allambie Heights is bordered by Allenby Park, featuring small patches of rainforest, creeks, and waterfalls, offering residents ample opportunities for outdoor recreation.

In terms of housing, Allambie Heights features a mix of residential properties, predominantly separate houses. The suburb's elevated position provides many homes with scenic views, contributing to its appeal among families and individuals seeking a peaceful environment near Sydney's amenities.

Allambie Heights offers a blend of suburban living with access to essential services, educational facilities, and recreational activities, making it a desirable location within the Northern Beaches region. 

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