At number 1702th in the list of Australian suburbs ordered by increase in median house value over the last year, Freshwater, 2096 is in the top half with a property value increase of 8.99% recorded in median house prices.
Across a shorter period, Freshwater, 2096 has seen a median price increase of 7.47% over the last quarter.
Residents and property investors in Freshwater have been waiting around 34.5294 days to sell a property.
The NSW suburb of Freshwater, 2096 is in the Northern Beaches (A) local government area.
Freshwater is in the TOP 20% in NSW when comparing median price capital growth over the last year. Freshwater gave property investors a very good capital gain figure when compared to the rest of the state, with 13.10%.
Across a shorter period, Freshwater, 2096 has seen a median price increase of 0.62% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.60% offered to property buyers. Sellers in Freshwater itself are offering an average vendor discount of -5.78% to real estate investors.
A $595 per week rent on the median house gives suburb investors a gross yield of circa 3.30%, without taking into account capital value appreciation, which has been averaging out at 6.85%.
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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.