Artarmon is an average performer in NSW when comparing median price capital growth over the last year. Artarmon gave property investors a average capital gain figure when compared to the rest of the state, with -4.44%.
Comparing Artarmon,2064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Situated 7.00km from the CBD, Artarmon is one of Willoughby (C) localities in the postcode 2064.
Artarmon, 2064 ranked 313th 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
Over the longer term, Artarmon has seen property prices show investors a 8.52% return over the last 3 years. This is worse than over the last 12 months
Artarmon, 2064 is offering NSW ‘s 118th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
With the median price for a house in Artarmon being $879000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.55%
Information supplied by:
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.