NSW has seen average median house prices change by 8.63% which means that Brookvale, 2100 has done well for property investors by showing a capital gain of -9.82% over the last year
Brookvale,2100 has offered an average of -9.82% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Brookvale, 2100. Typically our figures indicate that -2.75% is being offered, which puts this NSW suburb at 1306th most discounted overall in Australia.
Situated 9.42km from the CBD, Brookvale is one of Warringah localities in the postcode 2100.
As one of the high-demand suburbs in the Northern Beaches region, Brookvale is continuing a strong streak of drawing interest in recent years.Full summary
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Investors eye units in business hub
Median unit price: $590,000
Three-year growth: 10.54%
Rental yield: 4.94%
As one of the suburbs in the Northern Beaches region, Brookvale is continuing a strong streak of drawing interest in recent years.
The suburb has logged nearly 30% growth over the past 12 months alone, taking the median unit price to just under $600,000. However, although apartment values are high, the benefits for investors could outweigh this cost since the average weekly rent rate comes in at $560 and returns are strong at almost 5%.Close
Moreover, there’s definitely demand driving competition in the suburb, as vendors unload units in a short period of time at a discount rate of just 3%. This demand is likely inspired by Brookvale’s proximity to Sydney (just 16km northeast) and its status as a major industrial hub