Suburb Profile Report for Artarmon NSW (2064)

Artarmon House: Median price $3,082,500, Annual capital growth 4.26%, Number of sales 38, Weekly median advertised rent $0

Artarmon Unit: Median price $1,055,000, Annual capital growth 6.18%, Number of sales 131, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Artarmon has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

Taking the average capital gain, or increase in median house value, Artarmon,2064 has racked up an average of 0.00% over the period. This ranks it number 1952th in the whole country for real estate investors looking at median house price increases.

Artarmon, 2064 is offering NSW ‘s 749th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

Often selling an investment property can take time, and in Artarmon the average time real estate has been on the market is 26.25 days.

Using the current median advertised rental of $0 and the average annual increase in value of a median property of 4.26%, investors should hope to achieve an overall return of 0.00%

If you compare the increase in value of investment property in Artarmon, 2064 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 15.31%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Artarmon has increased when compared to the 5 year average annual rate.

Property buyers and investors in Artarmon 2064 should be seeing an average reduction in asking price of around -4.23% . This means that Artarmon is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 10.92 sales per month, which equates to 131 per year.

Information supplied by:


November 2018

M
O

W
E

Renters may be priced out

Postcode: 2064

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.

Metrics i HOUSE UNIT
$3,082,500 $1,055,000
2.52% 2.52%
0.00% 15.31%
4.26% 6.18%
$0 $550
38 131
0.00% 2.34%
26.25 71.2727272727273

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Artarmon NSW
Demographics
Total population 8642
Median household income ($/weekly) 1910
Median age of persons 34
Median housing loan repayment ($/monthly) 2500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 947 11.0
    25-34 years 1830 21.2
    35-44 years 1643 19.0
    45-54 years 1059 12.3
    55-64 years 812 9.4
    Others 2351 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 3224 48.6
    Not Married 2813 42.4
    Defacto Relationship 594 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4385 52.9
    Croatia 659 8.0
    Indonesia 306 3.7
    United Kingdom 384 4.6
    Other 731 8.8
    Others 1818 21.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 404 5.1
    Christianity 4146 52.1
    Hinduism 441 5.5
    Islam 197 2.5
    No Religion 2614 32.8
    Others 163 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 405 12.5
    $2,000-$2,499 243 7.5
    $2,500-$2,999 551 17.0
    $3,000-$3,499 265 8.2
    $4,000 or more 343 10.6
    Others 1438 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3367 49.5
    Not in the labour force 1830 26.9
    Employed, worked part-time 1170 17.2
    Unemployed, looking for work 229 3.4
    Employed, away from work 211 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 717 15.1
    Professionals 2049 43.1
    Technicians & trades workers 350 7.4
    Community & personal service workers 325 6.8
    Clerical & administrative workers 700 14.7
    Others 609 12.8
    Occupation
    Census Count Percent(%)
    Pre-school 149 6.9
    Infants/Primary 641 29.7
    Secondary 441 20.5
    Technical or Further Educational Institution 164 7.6
    University or other Tertiary Institutions 631 29.3
    Others 129 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5038 61.1
    Separate house 2526 30.6
    Semi-detached, row or terrace house, townhouse 676 8.2
    House or flat attached to a shop, office 12 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1646 47.3
    Being purchased 927 26.7
    Fully owned 874 25.1
    Other tenure type 31 0.9
    Tenure Type
Census 2011, ABS
Chart Table