Over the last year, property investments in Narara, 2250 have given investors a capital gain of -0.92%. This compares averagely with the -0.66% for NSW as a whole.
Comparing Narara,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Narara is $619250, with sellers offering an average of -6.40% off the asking price.
Narara is 433th on a list of best yielding suburbs for rents in NSW with a 3.95% return
Narara is an average performer in NSW when comparing median price capital growth over the last year. Narara gave property investors a average capital gain figure when compared to the rest of the state, with -3.27%.
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 139th on a list of best yielding suburbs for rents in NSW with a 4.54% 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.