‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
Property investors enjoyed capital gains of 38.2% over the last 12 months in NARRABEEN, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in NARRABEEN are low, as opposed to average gains per annum over the past five years.
The suburb posted a 65.88% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $1075 based on current median home prices for the suburb.
On average, rents on listings have reached the $1075 mark, reflecting a 1.6% increase in returns based on the current median price in NARRABEEN.
NARRABEEN, 2101 ranks 98th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 940th on the list of best yielding suburbs for rental properties in NSW, posting a 1.6% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||38.2%||25.58%|
|Median 3 years||65.88%||36.64%|
|Median 5 years||70.73%||43.15%|
|10 years average annual||11.56%||7.7%|
|Weekly media advert. rent||$1075||$620|
|Time on Market||50.7 days||31.7 days|
|Gross Rental Yield Percent||1.6%||2.75%|