Property investors who have had real estate in Artarmon, 2064 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.59%
If we look at median property appreciation over just the last three months, Artarmon has given property investors a paper return of -1.87%. This puts Suburb as 722 on a list of fastest fasting appreciating suburbs in NSW
Artarmon, 2064’s gross rental yield is 2.31%
If you compare the increase in value of investment property in Artarmon, 2064 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -8.53%.
The five-year average increase in median property values for Artarmon,2064 has given property investors a potential capital gain of 22.08% across each of those five years.
Artarmon, 2064 is offering NSW ‘s 142th 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.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 5.78%.
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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.