At number 690th in the list of Australian suburbs ordered by increase in median house value over the last year, Freshwater, 2096 is in the top 20% with a property value increase of 14.29% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Freshwater comes in at number 221th in NSW.
Property investors looking for a bargain in Freshwater should be aiming for at least -3.40% off the asking price, which is the average vendor discount being achieved at the moment.
A $1250 per week rent on the median house gives suburb investors a gross yield of circa 3.25%, without taking into account capital value appreciation, which has been averaging out at 8.12%.
Freshwater, 2096 ranked 330th in NSW when comparing growth in median property values or capital gain over the last 12 months. Freshwater is one of 3162 in our list for NSW
The five-year average increase in median property values for Freshwater,2096 has given property investors a potential capital gain of 44.00% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Freshwater itself are offering an average vendor discount of -3.83% to real estate investors.
In the last year 145 properties changed hands in Freshwater, which puts it as the 88th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Freshwater being $720000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.97%
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