Property value increases in Narara have tracked close to the NSW average of 1.68% over the last 12 months.
A 37.78% growth in median value for property investors in Narara,2250 puts this suburb at number 384th in terms of best performing suburbs in NSW
At number 463th of NSW’s most discounted properties, Narara is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 121 properties changed hands in Narara, which puts it as the 154th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 3.86%
Investment property in Narara has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.53%
A 49.85% growth in median value for property investors in Narara,2250 puts this suburb at number 79th in terms of best performing suburbs in NSW
Advertised rents are around the $382.5 mark per week – giving a return of 4.07% based on the median price in Suburb
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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.