NSW has seen average median house prices change by 4.94% which means that Freshwater, 2096 has done well for property investors by showing a capital gain of 8.19% over the last year
The five-year average increase in median property values for Freshwater,2096 has given property investors a potential capital gain of 99.54% across each of those five years.
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 Freshwater, 2096. Typically our figures indicate that -7.78% is being offered, which puts this NSW suburb at 736th most discounted overall in Australia.
Property investors should expect to get $1375 weekly from the median priced house in this suburb.
Freshwater has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.42% to date .
Freshwater,2096 was ranked 1131 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.77% to buyers in Freshwater at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $31200 per annum or $600 every week.
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Northern Beaches suburb Freshwater – formerly known as Harbord – strikes the balance between being affordable yet still close enough to the city to be accessible. The suburb features one of Sydney’s most popular beaches, and a wide range of amenities. Additionally, the shopping precincts of Dee Why and Manly are nearby.Full summary
Northern Beaches suburb Freshwater – formerly known as Harbord – strikes the balance between being affordable yet still close enough to the city to be accessible. The suburb features one of Sydney’s most popular beaches, and a wide range of amenities. Additionally, the shopping precincts of Dee Why and Manly are nearby.
Access to the city is largely by road, but the legendary rush hour gridlock across the Spit Bridge can be avoided by taking the ferry from Manly without spending too much time stuck on Pittwater Road.
It’s relatively affordable for a northern beaches suburb, with median prices that compare favourably with nearby Queenscliff and Manly. Canny investors may e able to manufacture their own value by renovating one of the 1970s units that are prevalent in the suburb.
Buyers agents Amanda Segers thinks Freshwater is a good choice, as it’s quickly growing as an investment area. “The area has far fewer blocks of units than nearby Dee Why and is a short walk to both Curl Curl and Freshwater beaches,” she says.
“The local primary schools are excellent and Freshwater Village has a range of cafes and shops. Sydney's northern beaches offer a relaxed lifestyle, year round surfing, sprawling parks and walking trails, cafes and bars, making it attractive to retirees, young couples and families.”
As with any beach suburb, views of the ocean are always popular, as is easy access to the beach – but will command a premium. Streets to the south of the suburb, like Undercliff Road, Hill Street and Crown Road provide good access to the beach and Pittwater Road – without being too busy.
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