Using the current median advertised rental of $1087.5 and the average annual increase in value of a median property of 36.98%, investors should hope to achieve an overall return of 1.23%
Property investors who have had real estate in Kirribilli, 2061 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.41%
When looking at the potential capital gains offered to property investors over the last 3 years, Kirribilli comes in at number 146th in NSW.
Vendor discounting in Kirribilli is giving property investors an average Vendor Discount of around -4.33%. This puts suburb at number 148th in NSW when ranking the most discounted suburbs.
Kirribilli, 2061’s gross rental yield is 2.08%
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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.