Artarmon has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.91% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Artarmon comes in at number 483th in NSW.
Situated 7.14km from the CBD, Artarmon is one of Willoughby (C) localities in the postcode 2064.
Artarmon has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.40% to date .
Comparing Artarmon,2064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Artarmon are currently offering property investors an average price cut of -5.39% below the asking price at the moment.
Situated 6.87km 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.