Giving property investors a a stable capital gain of 12.05% for the last year, Brookvale, 2100 is the 406th highest performer in Australia in this respect.
Brookvale,2100 was ranked 7 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Brookvale should be aiming for at least -7.72% off the asking price, which is the average vendor discount being achieved at the moment.
Brookvale is 156th on a list of best yielding suburbs for rents in NSW with a 4.47% return
As one of the high-demand suburbs in the Northern Beaches region, Brookvale is continuing a strong streak of drawing interest in recent years.Full summary
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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%.Close
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