Over the last year, property investments in Narara, 2250 have given investors a capital gain of 4.96%. This compares favourably with the 2.31% for NSW as a whole.
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.
LACK OF BUYER INTEREST may well be the reason that Narara is offering property investors an average of -7.17. This rate of discount on properties puts Suburb at number 937th in terms of most discounted suburbs in NSW
At number 626 in a list of fastest selling suburbs, Narara is in the TOP 20% of suburbs in Australia with an average of days on market 39.02 for properties listed there.
Narara is 575th on a list of best yielding suburbs for rents in NSW with a 3.89% return
Over the last year, property investments in Narara, 2250 have given investors a capital gain of 4.11%. This compares favourably with the 1.12% for NSW as a whole.
While Narara,2250 ranked number 177th in NSW for increase in median house value (annualised) increase, it is ranked 105th over the last 5 years.
Vendor discounting in Narara is giving property investors an average Vendor Discount of around -3.13%. This puts suburb at number 439th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Narara, 2250’s gross rental yield is 4.44%
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Information supplied by:
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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