At number 1375th in the list of Australian suburbs ordered by increase in median house value over the last year, Freshwater, 2096 is in the top 40% with a property value increase of 2.22% recorded in median house prices.
Freshwater,2096 has offered an average of 2.22% return per annum in house price rises to property investors over the last three years.
Freshwater, 2096’s gross rental yield is 2.90%
NSW has seen average median house prices change by -2.98% which means that Freshwater, 2096 has not done well for property investors by showing a capital gain of -3.42% 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.
LACK OF BUYER INTEREST may well be the reason that Freshwater is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 238th in terms of most discounted suburbs in NSW
With the median price for a house in Freshwater being $790000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.95%
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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.