Property investors who have had real estate in Neutral Bay, 2089 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.91%
If we look at median property appreciation over just the last three months, Neutral Bay has given property investors a paper return of 7.82%. This puts Suburb as 94 on a list of fastest fasting appreciating suburbs in NSW
In the last year 53 properties changed hands in Neutral Bay, which puts it as the 700th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $1095 and the average annual increase in value of a median property of 9.47%, investors should hope to achieve an overall return of 2.23%
If you compare the increase in value of investment property in Neutral Bay, 2089 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.43%.
Across a shorter period, Neutral Bay, 2089 has seen a median price increase of -3.10% over the last quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.92% offered to property buyers. Sellers in Neutral Bay itself are offering an average vendor discount of -4.47% to real estate investors.
Advertised rents are around the $595 mark per week – giving a return of 3.22% based on the median price in Suburb