Narrabeen has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 25.00% to date .
Taking the average capital gain, or increase in median house value, Narrabeen,2101 has racked up an average of 25.00% over the period. This ranks it number 108th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Narrabeen should be aiming for at least -13.26% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 24 properties changed hands in Narrabeen, which puts it as the 1051th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $800 mark per week – giving a return of 1.85% based on the median price in Suburb
At number 505th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabeen, 2101 is in the top 30% with a property value increase of 8.64% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narrabeen has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Narrabeen is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 352th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $7200 per annum or $600 every week.