If you compare the increase in value of investment property in Cammeray, 2062 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 1.30%.
The five-year average increase in median property values for Cammeray,2062 has given property investors a potential capital gain of 41.64% across each of those five years.
Situated 5.18km from the CBD, Cammeray is one of North Sydney (A) localities in the postcode 2062.
Property investors who have had real estate in Cammeray, 2062 should be ok 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 -2.38%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cammeray has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Cammeray are currently offering property investors an average price cut of -5.85% below the asking price at the moment.
On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.
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Units dominate the market
Median unit price: $1,058,750
Stock on market: 115.4%
12-month growth: 18.3%
A suburb with a premium location just 5km from the Sydney CBD, Cammeray is experiencing rising unit stock, as the number of apartments listed increased from only 6 to 20 over the past 12 months leading up to November 2017.
The suburb overlooks the water, and is well-stocked with sought-after amenities including restaurants, cafes and a couple of shopping hubs, namely Green Park and Stockland Cammeray. The latter is home to the Harris Farm Markets. There are also several schools here, including Cammeray Public School and Anzac Park Public School, both of which offer primary education. Cammeray Children’s Centre acts as preschool and a childcare centre.
Cammeray is highly accessible thanks in part to the Long Gully Bridge, which links to suburbs in the north.