Giving property investors a a poor capital gain of -5.60% for the last year, Narrabeen, 2101 is the 3556th highest performer in Australia in this respect.
Narrabeen,2101 was ranked 4085 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Narrabeen itself are offering an average vendor discount of -4.81% to real estate investors.
Residents and property investors in Narrabeen have been waiting around 98.46 days to sell a property.
The NSW suburb of Narrabeen, 2101 is in the Pittwater local government area.
Narrabeen has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.00% to date .
The five-year average increase in median property values for Narrabeen,2101 has given property investors a potential capital gain of 47.14% across each of those five years.
Property investors looking for a bargain in Narrabeen should be aiming for at least -3.68% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Narrabeen have been waiting around 38.23 days to sell a property.
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 5.85%, investors should hope to achieve an overall return of 3.75%