With a capital gain of 37.42% for the last 12 months, Artarmon, 2064 has performed for property investments than its average annual 9.36% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Artarmon has given property investors a paper return of 10.17%. This puts Suburb as 88 on a list of fastest fasting appreciating suburbs in NSW
Property investors should expect to get $950 weekly from the median priced house in this suburb.
Artarmon, 2064 ranked 231th in NSW when comparing growth in median property values or capital gain over the last 12 months. Artarmon is one of 3163 in our list for NSW
While Artarmon,2064 ranked number 443th in NSW for increase in median house value (annualised) increase, it is ranked 212th over the last 5 years.
Artarmon, 2064’s gross rental yield is 3.13%
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Renters may be priced out
Median unit price: $967,500
Rental vacancy rate: 6.6%
Three-year growth: 28.7%
A hub of media offices, the suburb of Artarmon is home to the offices of the Special Broadcasting Service and Fox Sports. It also used to house the offices of the Australian Broadcasting Corporation.
Artarmon is divided according to its industrial, commercial and residential uses. High-rise properties are located to the west of the railway line that stops at Artarmon Station, while houses are established on the eastern side. The industrial hub is located south of the Gore Hill Freeway. Artarmon also hosts a namesake fair annually in May.
High prices could contribute to why Artarmon’s rental vacancy rates have increased from 5.0% to 6.6% in the 12 months to August 2018. The average weekly rent rate comes in at $620 as apartment values inch closer to the $1m mark, with landlords gaining yields of only 3.3% on average.