Neutral Bay has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.00% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Neutral Bay has increased when compared to the 5 year average annual rate.
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 Neutral Bay, 2089. Typically our figures indicate that -2.57% is being offered, which puts this NSW suburb at 3594th most discounted overall in Australia.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Property investors should expect to get $1125 weekly from the median priced house in this suburb.
Investment property in Neutral Bay has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.67%
While Neutral Bay,2089 ranked number 344th in NSW for increase in median house value (annualised) increase, it is ranked 323th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Neutral Bay itself are offering an average vendor discount of -5.90% to real estate investors.