Property investors who have had real estate in Narara, 2250 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.90%
A 31.98% growth in median value for property investors in Narara,2250 puts this suburb at number 469th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Narara, 2250. Typically our figures indicate that -3.66% is being offered, which puts this NSW suburb at 1949th most discounted overall in Australia.
At number 297 in a list of fastest selling suburbs, Narara is in the TOP 10% of suburbs in Australia with an average of days on market 33.7288 for properties listed there.
Narara is 423th on a list of best yielding suburbs for rents in NSW with a 3.71% return
Narara has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.04% to date .
Across a shorter period, Narara, 2250 has seen a median price increase of 11.87% over the last quarter.
Renters in Suburb are facing rents around $20540 per annum or $395 every week.
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Renovation potential abounds
Median house price: $635,000
Three-year growth: 37.4%
Rental yield: 3.8%
Located around 4km north of Gosford’s CBD on the Central Coast, the suburb of Narara is a primarily residential suburb, serviced by the Narara Railway Station.
A popular suburb with families, both renters and homeowners alike, Narara boasts its own corner shop and bottleshop, along with a number of parks, sporting grounds, a public skatepark and two schools. It is also home to the Narara Ecovillage, a sustainable community that aims to become a stylish, intergenerational collective that blends the principles of ecological and social sustainability.
A solid brick home on a decent size block of around 600-650m2 is the ideal choice in this neighbourhood, as it suits a wide range of potential tenants. There are plenty of properties in the area that could be improved through a strategic renovation, giving landlords the opportunity to build immediate equity into their investment.