At number 2261th in the list of Australian suburbs ordered by increase in median house value over the last year, Artarmon, 2064 is in the BOTTOM 50% with a property value increase of 1.42% recorded in median house prices.
While Artarmon,2064 ranked number 426th in NSW for increase in median house value (annualised) increase, it is ranked 645th over the last 5 years.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
A $1050 per week rent on the median house gives suburb investors a gross yield of circa 2.18%, without taking into account capital value appreciation, which has been averaging out at 6.72%.
Investment property in Artarmon has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.64%
Artarmon,2064 has offered an average of -5.64% return per annum in house price rises to property investors over the last three years.
Artarmon2064 is located in NSW which offers an average discount of -6.06% to property investors. Artarmon itself is showing figures that indicate -2.78% is the average achievable by property buyers investing in the suburb.
At number 155 in a list of fastest selling suburbs, Artarmon is in the TOP 10% of suburbs in Australia with an average of days on market 28.33 for properties listed there.
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 CorporationFull summary
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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.Close