With a capital gain of 2.54% for the last 12 months, Artarmon, 2064 has performed for property investments than its average annual 6.69% property growth over the last 5 years.
Comparing Artarmon,2064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Advertised rents are around the $1050 mark per week – giving a return of 2.08% based on the median price in Suburb
Giving property investors a an average capital gain of -3.21% for the last year, Artarmon, 2064 is the 904th highest performer in Australia in this respect.
Artarmon,2064 has offered an average of -3.21% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Artarmon should be aiming for at least -7.29% off the asking price, which is the average vendor discount being achieved at the moment.
Artarmon is 447th on a list of best yielding suburbs for rents in NSW with a 3.47% return
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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.