Brookvale is an average performer in NSW when comparing median price capital growth over the last year. Brookvale gave property investors a good capital gain figure when compared to the rest of the state, with -0.42%.
Brookvale,2100 has offered an average of -0.42% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $800 mark per week – giving a return of 3.34% based on the median price in Suburb
Giving property investors a an average capital gain of -2.81% for the last year, Brookvale, 2100 is the 843th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Brookvale,2100 has racked up an average of -2.81% over the period. This ranks it number 339th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Brookvale is $743500, with sellers offering an average of -8.44% off the asking price.
In the last year 85 properties changed hands in Brookvale, which puts it as the 144th most active market in NSW when comparing the number of sales per suburb.
Information supplied by:
Investors eye units in business hub
Median unit price: $590,000
Three-year growth: 10.54%
Rental yield: 4.94%
As one of the suburbs in the Northern Beaches region, Brookvale is continuing a strong streak of drawing interest in recent years.
The suburb has logged nearly 30% growth over the past 12 months alone, taking the median unit price to just under $600,000. However, although apartment values are high, the benefits for investors could outweigh this cost since the average weekly rent rate comes in at $560 and returns are strong at almost 5%.
Moreover, there’s definitely demand driving competition in the suburb, as vendors unload units in a short period of time at a discount rate of just 3%. This demand is likely inspired by Brookvale’s proximity to Sydney (just 16km northeast) and its status as a major industrial hub