Dee Why is in the TOP 20% in NSW when comparing median price capital growth over the last year. Dee Why gave property investors a very good capital gain figure when compared to the rest of the state, with 6.77%.
Comparing Dee Why,2099 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors should expect to get $887.5 weekly from the median priced house in this suburb.
Dee Why has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.60% to date .
Dee Why,2099 was ranked 671 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Dee Why itself are offering an average vendor discount of -6.10% to real estate investors.
At number 189 in a list of fastest selling suburbs, Dee Why is in the TOP 20% of suburbs in Australia with an average of days on market 57.4774 for properties listed there.
The NSW suburb of Dee Why, 2099 is in the Northern Beaches (A) local government area.
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.