NSW has seen average median house prices change by 8.02% which means that Freshwater, 2096 has done well for property investors by showing a capital gain of 12.83% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Freshwater has increased when compared to the 5 year average annual rate.
Freshwater, 2096 is offering NSW ‘s 177th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
If you compare the increase in value of investment property in Freshwater, 2096 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 9.26%.
The five-year average increase in median property values for Freshwater,2096 has given property investors a potential capital gain of 17.53% across each of those five years.
Freshwater2096 is located in NSW which offers an average discount of -2.31% to property investors. Freshwater itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $637.5 weekly from the median priced house in this suburb.
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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.
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.