Property value increases in Dee Why have tracked lower than the NSW average of 0.62% over the last 12 months.
Comparing Dee Why,2099 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 79 properties changed hands in Dee Why, which puts it as the 471th most active market in NSW when comparing the number of sales per suburb.
Dee Why has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.56% to date .
Dee Why,2099 was ranked 640 in Australia by increase in median property value over the quarter.
Vendor discounting in Dee Why is giving property investors an average Vendor Discount of around -5.75%. This puts suburb at number 187th in NSW when ranking the most discounted suburbs.
Residents and property investors in Dee Why have been waiting around 49.48 days to sell a property.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
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.