Over the last year, property investments in Dee Why, 2099 have given investors a capital gain of -11.21%. This compares badly with the -3.70% for NSW as a whole.
Dee Why,2099 has offered an average of -11.21% return per annum in house price rises to property investors over the last three years.
At number 969 in a list of fastest selling suburbs, Dee Why is in the TOP 30% of suburbs in Australia with an average of days on market 60.3125 for properties listed there.
Over the last year, property investments in Dee Why, 2099 have given investors a capital gain of -5.91%. This compares averagely with the -3.53% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Dee Why,2099 has racked up an average of -5.91% over the period. This ranks it number 518th in the whole country for real estate investors looking at median house price increases.
Dee Why2099 is located in NSW which offers an average discount of -6.83% to property investors. Dee Why itself is showing figures that indicate -6.34% is the average achievable by property buyers investing in the suburb.
Situated 14.76km from the CBD, Dee Why is one of Northern Beaches (A) localities in the postcode 2099.
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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.