Investment property in Narara has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.20%
When looking at the potential capital gains offered to property investors over the last 3 years, Narara comes in at number 462th in NSW.
Our latest figures would indicate that property sellers in Narara are currently offering property investors an average price cut of -6.43% below the asking price at the moment.
At number 974 in a list of fastest selling suburbs, Narara is in the TOP 30% of suburbs in Australia with an average of days on market 62.5208 for properties listed there.
Narara is 485th on a list of best yielding suburbs for rents in NSW with a 3.89% return
If you compare the increase in value of investment property in Narara, 2250 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.42%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narara has increased when compared to the 5 year average annual rate.
Narara is 208th on a list of best yielding suburbs for rents in NSW with a 4.28% return
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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.