Over the last year, property investments in Freshwater, 2096 have given investors a capital gain of -5.21%. This compares averagely with the -4.21% for NSW as a whole.
Over the longer term, Freshwater has seen property prices show investors a 16.61% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Freshwater itself are offering an average vendor discount of -4.87% to real estate investors.
Freshwater is 884th on a list of best yielding suburbs for rents in NSW with a 3.20% return
Freshwater has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.44% to date .
The five-year average increase in median property values for Freshwater,2096 has given property investors a potential capital gain of 33.33% across each of those five years.
Vendor discounting in Freshwater is giving property investors an average Vendor Discount of around -5.56%. This puts suburb at number 267th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $610 and the average annual increase in value of a median property of 7.00%, investors should hope to achieve an overall return of 3.96%
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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.