Artarmon has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.52% to date .
Artarmon,2064 was ranked 378 in Australia by increase in median property value over the quarter.
The NSW suburb of Artarmon, 2064 is in the Willoughby (C) local government area.
Investment property in Artarmon has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.44%
A 42.62% growth in median value for property investors in Artarmon,2064 puts this suburb at number 524th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Artarmon should be aiming for at least -2.78% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Artarmon the average time real estate has been on the market is 28.33 days.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 6.35%, investors should hope to achieve an overall return of 3.37%
A hub of media offices, the suburb of Artarmon is home to the offices of the Special Broadcasting Service and Fox Sports. It also used to house the offices of the Australian Broadcasting CorporationFull summary
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Renters may be priced out
Median unit price: $967,500
Rental vacancy rate: 6.6%
Three-year growth: 28.7%
A hub of media offices, the suburb of Artarmon is home to the offices of the Special Broadcasting Service and Fox Sports. It also used to house the offices of the Australian Broadcasting Corporation.
Artarmon is divided according to its industrial, commercial and residential uses. High-rise properties are located to the west of the railway line that stops at Artarmon Station, while houses are established on the eastern side. The industrial hub is located south of the Gore Hill Freeway. Artarmon also hosts a namesake fair annually in May.
High prices could contribute to why Artarmon’s rental vacancy rates have increased from 5.0% to 6.6% in the 12 months to August 2018. The average weekly rent rate comes in at $620 as apartment values inch closer to the $1m mark, with landlords gaining yields of only 3.3% on average.Close