Freshwater has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 23.65% to date .
The five-year average increase in median property values for Freshwater,2096 has given property investors a potential capital gain of 93.55% across each of those five years.
Sellers are offering property buyers an average discount of -7.40% to buyers in Freshwater at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
With the median price for a house in Freshwater being $2400000 and the advertised rent reaching $1400 the gross rental yield for property investors calculates out to be 3.03%
If you compare the increase in value of investment property in Freshwater, 2096 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 19.45%.
Freshwater,2096 was ranked 1318 in Australia by increase in median property value over the quarter.
Vendor discounting in Freshwater is giving property investors an average Vendor Discount of around -2.83%. This puts suburb at number 368th in NSW when ranking the most discounted suburbs.
The NSW suburb of Freshwater, 2096 is in the Warringah local government area.
Northern Beaches suburb Freshwater – formerly known as Harbord – strikes the balance between being affordable yet still close enough to the city to be accessible. The suburb features one of Sydney’s most popular beaches, and a wide range of amenities. Additionally, the shopping precincts of Dee Why and Manly are nearby.Full summary
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Northern Beaches suburb Freshwater – formerly known as Harbord – strikes the balance between being affordable yet still close enough to the city to be accessible. The suburb features one of Sydney’s most popular beaches, and a wide range of amenities. Additionally, the shopping precincts of Dee Why and Manly are nearby.
Access to the city is largely by road, but the legendary rush hour gridlock across the Spit Bridge can be avoided by taking the ferry from Manly without spending too much time stuck on Pittwater Road.
It’s relatively affordable for a northern beaches suburb, with median prices that compare favourably with nearby Queenscliff and Manly. Canny investors may e able to manufacture their own value by renovating one of the 1970s units that are prevalent in the suburb.
Buyers agents Amanda Segers thinks Freshwater is a good choice, as it’s quickly growing as an investment area. “The area has far fewer blocks of units than nearby Dee Why and is a short walk to both Curl Curl and Freshwater beaches,” she says.
“The local primary schools are excellent and Freshwater Village has a range of cafes and shops. Sydney's northern beaches offer a relaxed lifestyle, year round surfing, sprawling parks and walking trails, cafes and bars, making it attractive to retirees, young couples and families.”
As with any beach suburb, views of the ocean are always popular, as is easy access to the beach – but will command a premium. Streets to the south of the suburb, like Undercliff Road, Hill Street and Crown Road provide good access to the beach and Pittwater Road – without being too busy.Close