If you compare the increase in value of investment property in Naremburn, 2065 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.95%.
Taking the average capital gain, or increase in median house value, Naremburn,2065 has racked up an average of 7.95% over the period. This ranks it number 405th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Naremburn itself are offering an average vendor discount of -1.25% to real estate investors.
The NSW suburb of Naremburn, 2065 is in the Willoughby local government area.
Naremburn has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.66% to date .
The five-year average increase in median property values for Naremburn,2065 has given property investors a potential capital gain of 44.66% across each of those five years.
Property buyers and investors in Naremburn 2065 should be seeing an average reduction in asking price of around -2.10% . This means that Naremburn is holding prices well when compared to other suburbs in NSW.
In the last year 79 properties changed hands in Naremburn, which puts it as the 181th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 6.05%, investors should hope to achieve an overall return of 3.57%