Renters in Suburb are facing rents around $65000 per annum or $1250 every week.
Kirribilli is in the TOP 10% in NSW when comparing median price capital growth over the last year. Kirribilli gave property investors a very good capital gain figure when compared to the rest of the state, with 18.02%.
Across a shorter period, Kirribilli, 2061 has seen a median price increase of -5.39% over the last quarter.
The most recent median price for Kirribilli is $1405000, with sellers offering an average of -9.33% off the asking price.
Using the current median advertised rental of $660 and the average annual increase in value of a median property of 8.90%, investors should hope to achieve an overall return of 2.44%
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While the voting public may be put off by the revolving door in the office of the prime minister, the fact that removalists’ trucks are a common sightoutside of Kirribilli House doesn’t seem to be affecting real estate in the harbourside suburb.
The median unit price currently sits at $1.1m and could reach even higher soon if recent trends are anything to go by.
The past five years have seen the median increase by an impressive 63%.
While affordability may not be at its best in Kirribilli, that doesn’t seem to have had much of an impact on sales.
The past 12 months have seen 72 units sold, and on average units are spending only 39 days on the market.
While it may be on the north side of Sydney Harbour, Kirribilli does offer easy access to Sydney CBD, thanks to the fact that it’s serviced by the Milsons Point train station and the Jeffrey Street Ferry wharf.