Investment property in Kirribilli has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.17%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kirribilli has increased when compared to the 5 year average annual rate.
At number 107th of NSW’s most discounted properties, Kirribilli is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.
A $660 per week rent on the median house gives suburb investors a gross yield of circa 2.88%, without taking into account capital value appreciation, which has been averaging out at 7.55%.
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.