NSW has seen average median house prices change by 4.27% which means that Freshwater, 2096 has done well for property investors by showing a capital gain of 7.53% over the last year
Taking the average capital gain, or increase in median house value, Freshwater,2096 has racked up an average of 7.53% over the period. This ranks it number 1097th in the whole country for real estate investors looking at median house price increases.
Freshwater2096 is located in NSW which offers an average discount of -4.58% to property investors. Freshwater itself is showing figures that indicate -0.69% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $1250 and the average annual increase in value of a median property of 7.17%, investors should hope to achieve an overall return of 2.60%
At number 267th in the list of Australian suburbs ordered by increase in median house value over the last year, Freshwater, 2096 is in the top 20% with a property value increase of 11.11% recorded in median house prices.
Freshwater,2096 was ranked 507 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Freshwater are currently offering property investors an average price cut of -0.90% below the asking price at the moment.
Residents and property investors in Freshwater have been waiting around 34.8947 days to sell a property.
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 6.61%, investors should hope to achieve an overall return of 3.43%
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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.