With a capital gain of -5.15% for the last 12 months, Freshwater, 2096 has performed for property investments than its average annual 7.77% property growth over the last 5 years.
The five-year average increase in median property values for Freshwater,2096 has given property investors a potential capital gain of 58.62% across each of those five years.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Using the current median advertised rental of $1350 and the average annual increase in value of a median property of 7.77%, investors should hope to achieve an overall return of 3.05%
Investment property in Freshwater has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.44%
If we look at median property appreciation over just the last three months, Freshwater has given property investors a paper return of 1.14%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Freshwater, 2096. Typically our figures indicate that -5.76% is being offered, which puts this NSW suburb at 677th most discounted overall in Australia.
Freshwater, 2096’s gross rental yield is 3.96%
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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.