Suburb Profile Report for Artarmon NSW (2064)

Artarmon House: Median price $2,675,000, Annual capital growth 7.60%, Number of sales 28, Weekly median advertised rent $1,050

Artarmon Unit: Median price $927,000, Annual capital growth 6.35%, Number of sales 95, Weekly median advertised rent $600

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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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%

Information supplied by:


November 2018

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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

Renters may be priced out

Postcode: 2064

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
Metrics i HOUSE UNIT
$2,675,000 $927,000
6.79% -3.54%
8.52% -3.44%
7.60% 6.35%
$1,050 $600
28 95
2.04% 3.37%
24 28.33

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 8642
Median household income ($/weekly) 1910
Median age of persons 34
Median housing loan repayment ($/monthly) 2500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 947 11.0
    25-34 years 1830 21.2
    35-44 years 1643 19.0
    45-54 years 1059 12.3
    55-64 years 812 9.4
    Others 2351 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 3224 48.6
    Not Married 2813 42.4
    Defacto Relationship 594 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4385 52.9
    Croatia 659 8.0
    Indonesia 306 3.7
    United Kingdom 384 4.6
    Other 731 8.8
    Others 1818 21.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 404 5.1
    Christianity 4146 52.1
    Hinduism 441 5.5
    Islam 197 2.5
    No Religion 2614 32.8
    Others 163 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 405 12.5
    $2,000-$2,499 243 7.5
    $2,500-$2,999 551 17.0
    $3,000-$3,499 265 8.2
    $4,000 or more 343 10.6
    Others 1438 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3367 49.5
    Not in the labour force 1830 26.9
    Employed, worked part-time 1170 17.2
    Unemployed, looking for work 229 3.4
    Employed, away from work 211 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 717 15.1
    Professionals 2049 43.1
    Technicians & trades workers 350 7.4
    Community & personal service workers 325 6.8
    Clerical & administrative workers 700 14.7
    Others 609 12.8
    Occupation
    Census Count Percent(%)
    Pre-school 149 6.9
    Infants/Primary 641 29.7
    Secondary 441 20.5
    Technical or Further Educational Institution 164 7.6
    University or other Tertiary Institutions 631 29.3
    Others 129 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5038 61.1
    Separate house 2526 30.6
    Semi-detached, row or terrace house, townhouse 676 8.2
    House or flat attached to a shop, office 12 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1646 47.3
    Being purchased 927 26.7
    Fully owned 874 25.1
    Other tenure type 31 0.9
    Tenure Type
Census 2011, ABS
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