With a capital gain of 1.77% for the last 12 months, Neutral Bay, 2089 has performed for property investments than its average annual 8.54% property growth over the last 5 years.
A 59.09% growth in median value for property investors in Neutral Bay,2089 puts this suburb at number 1012th in terms of best performing suburbs in NSW
In the last year 36 properties changed hands in Neutral Bay, which puts it as the 698th most active market in NSW when comparing the number of sales per suburb.
At number 1238th in the list of Australian suburbs ordered by increase in median house value over the last year, Neutral Bay, 2089 is in the BOTTOM 20% with a property value increase of -10.93% recorded in median house prices.
If we look at median property appreciation over just the last three months, Neutral Bay has given property investors a paper return of -1.27%. This puts Suburb as 272 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Neutral Bay should be aiming for at least -5.36% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Neutral Bay being $933000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.34%