At number 3999th in the list of Australian suburbs ordered by increase in median house value over the last year, Brookvale, 2100 is in the BOTTOM 10% with a property value increase of -23.33% recorded in median house prices.
Over the longer term, Brookvale has seen property prices show investors a -18.47% return over the last 3 years. This is worse than over the last 12 months
Property value increases in Brookvale have tracked just lower than the NSW average of -4.02% over the last 12 months.
Brookvale,2100 has offered an average of -11.59% return per annum in house price rises to property investors over the last three years.
Brookvale2100 is located in NSW which offers an average discount of -6.83% to property investors. Brookvale itself is showing figures that indicate -9.13% is the average achievable by property buyers investing in the suburb.
Situated 13.24km from the CBD, Brookvale is one of Northern Beaches (A) localities in the postcode 2100.
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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