NSW has seen average median house prices change by 14.73% which means that Artarmon, 2064 has done well for property investors by showing a capital gain of -8.86% over the last year
The five-year average increase in median property values for Artarmon,2064 has given property investors a potential capital gain of 21.57% across each of those five years.
Artarmon is 1128th on a list of best yielding suburbs for rents in NSW with a 1.66% return
With a capital gain of 0.74% for the last 12 months, Artarmon, 2064 has performed for property investments than its average annual 5.14% property growth over the last 5 years.
Artarmon,2064 was ranked 1270 in Australia by increase in median property value over the quarter.
Vendor discounting in Artarmon is giving property investors an average Vendor Discount of around -3.21%. This puts suburb at number 254th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $500 mark per week – giving a return of 2.73% based on the median price in Suburb
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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.