Artarmon, 2064 ranked 44th 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
If we look at median property appreciation over just the last three months, Artarmon has given property investors a paper return of 6.63%. This puts Suburb as 134 on a list of fastest fasting appreciating suburbs in NSW
In the last year 30 properties changed hands in Artarmon, which puts it as the 846th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $982.5 and the average annual increase in value of a median property of 8.30%, investors should hope to achieve an overall return of 1.72%
Property value increases in Artarmon have tracked just higher than the NSW average of 2.36% over the last 12 months.
While Artarmon,2064 ranked number 150th in NSW for increase in median house value (annualised) increase, it is ranked 182th over the last 5 years.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 5.74%, investors should hope to achieve an overall return of 3.14%
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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.