Summer Off To A Sizzling Start For Auctions
Last week’s all-time auction activity record may stick around, but it’s still set to be a massive weekend for auctio...
Property investors enjoyed capital gains of 35% over the last 12 months in NORTH NARRABEEN, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 9.83% growth over a ten-year period. It ranks 26th on our list of suburbs that property investors should look into.
NORTH NARRABEEN, 2101 has a capital gain of 35% for the past year, which is higher than average compared to its 59.45% growth within a five-year period.
With the median home price in NORTH NARRABEEN sitting at $2,025,000, and the average rent at $900, property owners could potentially earn a 2.31% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH NARRABEEN are low, as opposed to average gains per annum over the past five years.
NORTH NARRABEEN, 2101 in NSW belongs to the local government area of Northern Beaches (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||35%||N/A|
|Median 3 years||40.63%||N/A|
|Median 5 years||59.45%||79.97%|
|10 years average annual||9.83%||25.46%|
|Weekly media advert. rent||$900||$532.5|
|Time on Market||41.6 days||0.0 days|
|Gross Rental Yield Percent||2.31%||2.08%|