With a capital gain of 12.34% for the last 12 months, Narara, 2250 has performed for property investments than its average annual 7.26% property growth over the last 5 years.
A 37.50% growth in median value for property investors in Narara,2250 puts this suburb at number 512th 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 -4.10% is being offered, which puts this NSW suburb at 1527th most discounted overall in Australia.
On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.
Advertised rents are around the $470 mark per week – giving a return of 3.70% based on the median price in Suburb
Narara, 2250 ranked 412th in NSW when comparing growth in median property values or capital gain over the last 12 months. Narara is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Narara,2250 has racked up an average of -2.15% over the period. This ranks it number 881th in the whole country for real estate investors looking at median house price increases.
Often selling an investment property can take time, and in Narara the average time real estate has been on the market is 31.1667 days.
Situated 53.63km from the CBD, Narara is one of Central Coast (C) (NSW) localities in the postcode 2250.
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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.