If you compare the increase in value of investment property in Artarmon, 2064 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.56%.
A 20.59% growth in median value for property investors in Artarmon,2064 puts this suburb at number 1443th in terms of best performing suburbs in NSW
Often selling an investment property can take time, and in Artarmon the average time real estate has been on the market is 41.8182 days.
Advertised rents are around the $987.5 mark per week – giving a return of 1.95% based on the median price in Suburb
Giving property investors a an average capital gain of 3.04% for the last year, Artarmon, 2064 is the 954th highest performer in Australia in this respect.
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.
Sellers are offering property buyers an average discount of -4.00% to buyers in Artarmon at the moment, which is less than average for the rest of NSW.
Situated 6.82km from the CBD, Artarmon is one of Willoughby (C) localities in the postcode 2064.
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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.