If you compare the increase in value of investment property in Narara, 2250 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.19%.
Narara,2250 was ranked 1223 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Narara, 2250. Typically our figures indicate that -4.32% is being offered, which puts this NSW suburb at 2985th most discounted overall in Australia.
At number 184 in a list of fastest selling suburbs, Narara is in the TOP 10% of suburbs in Australia with an average of days on market 37.4 for properties listed there.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 5.94%, investors should hope to achieve an overall return of 4.20%
With a capital gain of 4.68% for the last 12 months, Narara, 2250 has performed for property investments than its average annual 5.77% property growth over the last 5 years.
A 50.44% growth in median value for property investors in Narara,2250 puts this suburb at number 440th in terms of best performing suburbs in NSW
The most recent median price for Narara is $425000, with sellers offering an average of -4.15% off the asking price.
Situated 28.45km from the CBD, Narara is one of Gosford localities in the postcode 2250.