If you compare the increase in value of investment property in Freshwater, 2096 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 27.07%.
When looking at the potential capital gains offered to property investors over the last 3 years, Freshwater comes in at number 86th in NSW.
At number 108th of NSW’s most discounted properties, Freshwater is in the bottom 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
Investment property in Freshwater has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.31%
Freshwater,2096 has offered an average of 19.31% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Freshwater is offering property investors an average of -4.11. This rate of discount on properties puts Suburb at number 224th in terms of most discounted suburbs in NSW
Freshwater is 421th on a list of best yielding suburbs for rents in NSW with a 3.53% return
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
Information supplied by:
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.Close