Giving property investors a a solid capital gain of 20.83% for the last year, Narrabeen, 2101 is the 288th highest performer in Australia in this respect.
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.
Narrabeen2101 is located in NSW which offers an average discount of -5.49% to property investors. Narrabeen itself is showing figures that indicate -11.57% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
With the median price for a house in Narrabeen being $2175000 and the advertised rent reaching $835 the gross rental yield for property investors calculates out to be 2.00%
Investment property in Narrabeen has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.39%
Over the longer term, Narrabeen has seen property prices show investors a 41.04% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Narrabeen should be aiming for at least -3.51% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 13.00 sales per month, which equates to 156 per year.
The NSW suburb of Narrabeen, 2101 is in the Pittwater local government area.