NSW has seen average median house prices change by 1.39% which means that Narara, 2250 has done well for property investors by showing a capital gain of 3.69% over the last year
The five-year average increase in median property values for Narara,2250 has given property investors a potential capital gain of 68.67% across each of those five years.
Narara2250 is located in NSW which offers an average discount of -7.36% to property investors. Narara itself is showing figures that indicate -5.16% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $472.5 weekly from the median priced house in this suburb.
Property investors who have had real estate in Narara, 2250 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.65%
Narara,2250 was ranked 899 in Australia by increase in median property value over the quarter.
Vendor discounting in Narara is giving property investors an average Vendor Discount of around -3.13%. This puts suburb at number 432th in NSW when ranking the most discounted suburbs.
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January 2019
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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 StationFull summary
Renovation potential abounds
Postcode: 2250
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.
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