Over the last year, property investments in Crows Nest, 2065 have given investors a capital gain of -3.10%. This compares badly with the 0.15% for NSW as a whole.
Across a shorter period, Crows Nest, 2065 has seen a median price increase of 1.75% over the last quarter.
Advertised rents are around the $990 mark per week – giving a return of 2.53% based on the median price in Suburb
Property investors who have had real estate in Crows Nest, 2065 should be 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 -9.25%
Crows Nest,2065 has offered an average of -9.25% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.01% to buyers in Crows Nest at the moment, which is less than average for the rest of NSW.
In the last year 91 properties changed hands in Crows Nest, which puts it as the 146th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $570 weekly from the median priced house in this suburb.
Information supplied by:
Apartment stock soars
Median unit price: $905,000
Stock on market: 129.4%
12-month growth: 15.3%
Located 5km north of the Sydney CBD, the suburb of Crows Nest is an ideal spot for young professionals and families who want convenience to the city.
Residents have many public transport options, and they are only a short distance from the Sydney Harbour. It has a bustling commercial scene with a wealth of shops and restaurants; the community is also very pet-friendly. The airport is less than half an hour away, and Balmoral Beach is approximately 10 minutes drive by car. Buses also stop at the beach.
There are a few schools in the suburb as well, including North Sydney Girls High School and Crows Nest College. Unit supply soared in this suburb over May 2018-2019.