Over the last year, property investments in Freshwater, 2096 have given investors a capital gain of 3.70%. This compares badly with the 8.06% for NSW as a whole.
Over the longer term, Freshwater has seen property prices show investors a 0.40% return over the last 3 years. This is an improvement over the last 12 months
At number 754th of NSW’s most discounted properties, Freshwater is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $1372.5 mark per week – giving a return of 2.83% based on the median price in Suburb
Property investors who have had real estate in Freshwater, 2096 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.52%
Over the longer term, Freshwater has seen property prices show investors a 8.24% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Freshwater is giving property investors an average Vendor Discount of around -1.28%. This puts suburb at number 301th in NSW when ranking the most discounted suburbs.
With the median price for a house in Freshwater being $936250 and the advertised rent reaching $595 the gross rental yield for property investors calculates out to be 3.30%
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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.