How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
Property investors enjoyed capital gains of 13.7% 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 21.63% 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 $917.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $917.5 mark, reflecting a 1.82% increase in returns based on the current median price in NARRABEEN.
NARRABEEN, 2101 ranks 312th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 842nd on the list of best yielding suburbs for rental properties in NSW, posting a 1.82% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.7%||16.59%|
|Median 3 years||21.63%||9.67%|
|Median 5 years||43.8%||19.58%|
|10 years average annual||7.62%||5.79%|
|Weekly media advert. rent||$917.5||$600|
|Time on Market||0.0 days||45.5 days|
|Gross Rental Yield Percent||1.82%||3.14%|