At number 2253th in the list of Australian suburbs ordered by increase in median house value over the last year, Narara, 2250 is in the BOTTOM 50% with a property value increase of -1.75% recorded in median house prices.
Comparing Narara,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Narara2250 is located in NSW which offers an average discount of -7.22% to property investors. Narara itself is showing figures that indicate -6.74% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $24440 per annum or $470 every week.
With a capital gain of -4.13% for the last 12 months, Narara, 2250 has performed for property investments than its average annual 6.33% property growth over the last 5 years.
Over the longer term, Narara has seen property prices show investors a 7.10% return over the last 3 years. This is worse than over the last 12 months
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.33%, investors should hope to achieve an overall return of 4.60%
Information supplied by:
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.