Over the last year, property investments in Narara, 2250 have given investors a capital gain of -3.60%. This compares averagely with the -4.28% for NSW as a whole.
If we look at median property appreciation over just the last three months, Narara has given property investors a paper return of -2.70%. This puts Suburb as 855 on a list of fastest fasting appreciating suburbs in NSW
Narara2250 is located in NSW which offers an average discount of -7.34% to property investors. Narara itself is showing figures that indicate -6.46% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Narara being $602500 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.97%
If you compare the increase in value of investment property in Narara, 2250 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.32%.
Narara,2250 has offered an average of 0.32% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.57%, investors should hope to achieve an overall return of 4.48%
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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.