Property investors who have had real estate in Kirribilli, 2061 should be relatively 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 -4.45%
Comparing Kirribilli,2061 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 168th of NSW’s most discounted properties, Kirribilli is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $650 mark per week – giving a return of 2.86% based on the median price in Suburb
Kirribilli is just over the harbour bridge from the CBD, right next to Milson’s Point railway station, and is a high demand area both for its proximity to the city centre and its sought after harbour side location.Full summary
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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.Close
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.