A 59.50% growth in median value for property investors in Kirribilli,2061 puts this suburb at number 1099th in terms of best performing suburbs in NSW
With the median price for a house in Kirribilli being $3987500 and the advertised rent reaching $985 the gross rental yield for property investors calculates out to be 1.28%
Kirribilli has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.07% to date .
Taking the average capital gain, or increase in median house value, Kirribilli,2061 has racked up an average of 3.07% over the period. This ranks it number 37th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Kirribilli should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 74 properties changed hands in Kirribilli, which puts it as the 206th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
Kirribilli is just over the harbour bridge from the CBD, right next to Milson’s Point railway station, and is a high demand area both for its proximity to the city centre and its sought after harbour side location.Full summary
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While the voting public may be put off by the revolving door in the office of the prime minister, the fact that removalists’ trucks are a common sightoutside of Kirribilli House doesn’t seem to be affecting real estate in the harbourside suburb.Close
The median unit price currently sits at $1.1m and could reach even higher soon if recent trends are anything to go by.
The past five years have seen the median increase by an impressive 63%.
While affordability may not be at its best in Kirribilli, that doesn’t seem to have had much of an impact on sales.
The past 12 months have seen 72 units sold, and on average units are spending only 39 days on the market.
While it may be on the north side of Sydney Harbour, Kirribilli does offer easy access to Sydney CBD, thanks to the fact that it’s serviced by the Milsons Point train station and the Jeffrey Street Ferry wharf.