NSW has seen average median house prices change by 9.74% which means that Neutral Bay, 2089 has done well for property investors by showing a capital gain of 3.89% over the last year
Over the longer term, Neutral Bay has seen property prices show investors a 42.92% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Neutral Bay 2089 should be seeing an average reduction in asking price of around -6.92% . This means that Neutral Bay is holding prices well when compared to other suburbs in NSW.
Neutral Bay, 2089’s gross rental yield is 2.60%
Over the last year, property investments in Neutral Bay, 2089 have given investors a capital gain of 0.00%. This compares badly with the 6.96% for NSW as a whole.
Over the longer term, Neutral Bay has seen property prices show investors a 21.58% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Neutral Bay should be aiming for at least -5.06% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Neutral Bay, 2089 is in the North Sydney local government area.