Property investors enjoyed capital gains of 18.76% 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 37.1% 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 $950 based on current median home prices for the suburb.
On average, rents on listings have reached the $950 mark, reflecting a 2.3% increase in returns based on the current median price in NARRABEEN.
NARRABEEN, 2101 ranks 190th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 908th on the list of best yielding suburbs for rental properties in NSW, posting a 2.3% return.
Property investors have seen a -0.72% drop in NARRABEEN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NARRABEEN, 2101 saw average growth in the long term.
NARRABEEN, 2101 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 $900,000.
Profits due to an upward trend in home prices in NARRABEEN, 2101 averaged 12.38% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.
The gross rental yield in NARRABEEN, 2101 is 3.58%.
An average of 15.92 real estate transactions take place per month in NARRABEEN which translates to 191 per annum.
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