Dee Why has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -15.74% to date .
Dee Why,2099 has offered an average of -15.74% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $830 and the average annual increase in value of a median property of 7.27%, investors should hope to achieve an overall return of 2.88%
Dee Why, 2099 ranked 330th in NSW when comparing growth in median property values or capital gain over the last 12 months. Dee Why is one of 3163 in our list for NSW
A 37.39% growth in median value for property investors in Dee Why,2099 puts this suburb at number 267th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Dee Why is offering property investors an average of -6.52. This rate of discount on properties puts Suburb at number 191th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 48.17 sales per month, which equates to 578 per year.
With the median price for a house in Dee Why being $750000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.75%
Information supplied by:
Units see demand in coastal suburb
Median unit price: $800,000
Stock on market: 64.0%
12-month growth: 4.9%
Situated right on the coastline less than 20km from the Sydney CBD, the suburb of Dee Why saw apartment supply soar in the 12 months to May 2018.
In May 2017, only 76 units were on the market – a year on, that figure had almost doubled to 133. Dee Why’s excellent location could be attracting buyers who can’t find any more wiggle room in Sydney’s stuffed neighbourhood, and as such properties are generally purchased after an average of only 38 days on the market. Prices increased by 4.9% in this period as well, although the three months to May 2018 recorded a drop of 2.4%.
Dee Why is regarded as the centre of the Northern Beaches region, and serves as the administrative centre of the Northern Beaches Council LGA.