NSW has seen average median house prices change by -0.66% which means that Narara, 2250 has not done well for property investors by showing a capital gain of -0.92% over the last year
The five-year average increase in median property values for Narara,2250 has given property investors a potential capital gain of 58.78% across each of those five years.
Our latest figures would indicate that property sellers in Narara are currently offering property investors an average price cut of -6.40% below the asking price at the moment.
Narara is 433th on a list of best yielding suburbs for rents in NSW with a 3.95% return
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 -3.27%.
Comparing Narara,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Residents and property investors in Narara have been waiting around 39.8333 days to sell a property.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
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Renovation potential abounds
Median house price: $635,000
Three-year growth: 37.4%
Rental yield: 3.8%
Located around 4km north of Gosford’s CBD on the Central Coast, the suburb of Narara is a primarily residential suburb, serviced by the Narara Railway Station.
A popular suburb with families, both renters and homeowners alike, Narara boasts its own corner shop and bottleshop, along with a number of parks, sporting grounds, a public skatepark and two schools. It is also home to the Narara Ecovillage, a sustainable community that aims to become a stylish, intergenerational collective that blends the principles of ecological and social sustainability.
A solid brick home on a decent size block of around 600-650m2 is the ideal choice in this neighbourhood, as it suits a wide range of potential tenants. There are plenty of properties in the area that could be improved through a strategic renovation, giving landlords the opportunity to build immediate equity into their investment.