Naremburn, 2065 ranked 901th in NSW when comparing growth in median property values or capital gain over the last 12 months. Naremburn is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Naremburn,2065 has racked up an average of -9.13% over the period. This ranks it number 2140th in the whole country for real estate investors looking at median house price increases.
In the last year 39 properties changed hands in Naremburn, which puts it as the 651th most active market in NSW when comparing the number of sales per suburb.
If you compare the increase in value of investment property in Naremburn, 2065 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.20%.
Naremburn,2065 was ranked 1199 in Australia by increase in median property value over the quarter.
Vendor discounting in Naremburn is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 291th in NSW when ranking the most discounted suburbs.
Residents and property investors in Naremburn have been waiting around 60.3529 days to sell a property.
With the median price for a house in Naremburn being $1066000 and the advertised rent reaching $680 the gross rental yield for property investors calculates out to be 3.32%
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Recent drop affects Sydney suburb
Median house price: $2,052,500
Three-year growth: 12.9%
Rental yield: 2.4%
With a convenient location close to the city and to a nature reserve at the same time, the suburb of Naremburn on Sydney’s lower North Shore has been highlighted for its quiet atmosphere and amazing views by residents.
Its safe environment makes it a top pick for families, especially with the Sydney CBD being only 6km away. The commercial area is centred on Willoughby Road, which is lined with shops. The city is reachable via the Warringah Freeway, which passes through Naremburn. Its proximity to the suburb of Crows Nest also provides residents with many dining options.
Naremburn is one of the more expensive suburbs in Sydney, with a median house value of more than $2m. However, the capital city’s recent struggles have seen prices fall by 14.5% in the year to February 2019.