Property investors who have had real estate in Narara, 2250 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.78%
Comparing Narara,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 485th of NSW’s most discounted properties, Narara is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $450 mark per week – giving a return of 3.96% based on the median price in Suburb
Narara, 2250 ranked 123th 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
If we look at median property appreciation over just the last three months, Narara has given property investors a paper return of 2.37%. This puts Suburb as 114 on a list of fastest fasting appreciating suburbs in NSW
Narara, 2250’s gross rental yield is 4.35%
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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.