Over the last year, property investments in Freshwater, 2096 have given investors a capital gain of -2.68%. This compares very badly with the 6.38% for NSW as a whole.
Comparing Freshwater,2096 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Freshwater is $1922500, with sellers offering an average of -3.40% off the asking price.
In the last year 67 properties changed hands in Freshwater, which puts it as the 477th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Freshwater being $1922500 and the advertised rent reaching $1200 the gross rental yield for property investors calculates out to be 3.25%
Property value increases in Freshwater have tracked just higher than the NSW average of 5.59% over the last 12 months.
While Freshwater,2096 ranked number 136th in NSW for increase in median house value (annualised) increase, it is ranked 227th over the last 5 years.
Sellers are offering property buyers an average discount of -4.02% to buyers in Freshwater at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $6900 per annum or $575 every week.
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