With a capital gain of 4.66% for the last 12 months, Naremburn, 2065 has performed for property investments than its average annual 8.22% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Naremburn,2065 has racked up an average of 4.66% over the period. This ranks it number 2528th in the whole country for real estate investors looking at median house price increases.
Naremburn is 1070th on a list of best yielding suburbs for rents in NSW with a 2.56% return
At number 775th in the list of Australian suburbs ordered by increase in median house value over the last year, Naremburn, 2065 is in the BOTTOM 50% with a property value increase of -0.45% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Naremburn has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Naremburn, 2065. Typically our figures indicate that -4.23% is being offered, which puts this NSW suburb at 877th most discounted overall in Australia.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.09%, without taking into account capital value appreciation, which has been averaging out at 6.82%.
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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.