Narara, 2250 ranked 570th in NSW when comparing growth in median property values or capital gain over the last 12 months. Narara is one of 3163 in our list for NSW
Comparing Narara,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.79% offered to property buyers. Sellers in Narara itself are offering an average vendor discount of -3.72% to real estate investors.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
Narara is in the bottom 30% in NSW when comparing median price capital growth over the last year. Narara gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.15%.
While Narara,2250 ranked number 297th in NSW for increase in median house value (annualised) increase, it is ranked 226th over the last 5 years.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
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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.