If you compare the increase in value of investment property in Brookvale, 2100 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.24%.
Over the longer term, Brookvale has seen property prices show investors a 3.83% return over the last 3 years. This is worse than over the last 12 months
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 -2.67% is being offered, which puts this NSW suburb at 1330th most discounted overall in Australia.
In the last year 140 properties changed hands in Brookvale, which puts it as the 112th most active market in NSW when comparing the number of sales per suburb.
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