Narara has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.93% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Narara comes in at number 545th in NSW.
Narara, 2250 is offering NSW ‘s 391th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
In the last year 122 properties changed hands in Narara, which puts it as the 188th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.51%, investors should hope to achieve an overall return of 4.25%
Over the last year, property investments in Narara, 2250 have given investors a capital gain of 18.75%. This compares very favourably with the 5.59% for NSW as a whole.
Over the longer term, Narara has seen property prices show investors a 52.68% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Narara are currently offering property investors an average price cut of -4.39% below the asking price at the moment.
Advertised rents are around the $370 mark per week – giving a return of 4.50% based on the median price in Suburb