If you compare the increase in value of investment property in Artarmon, 2064 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.38%.
A 19.84% growth in median value for property investors in Artarmon,2064 puts this suburb at number 1329th in terms of best performing suburbs in NSW
Vendor discounting in Artarmon is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 622th in NSW when ranking the most discounted suburbs.
A $935 per week rent on the median house gives suburb investors a gross yield of circa 1.66%, without taking into account capital value appreciation, which has been averaging out at 7.71%.
Investment property in Artarmon has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.87%
If we look at median property appreciation over just the last three months, Artarmon has given property investors a paper return of 6.20%. This puts Suburb as 141 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Artarmon, 2064. Typically our figures indicate that -3.09% is being offered, which puts this NSW suburb at 715th most discounted overall in Australia.
Artarmon, 2064’s gross rental yield is 2.57%
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Renters may be priced out
Median unit price: $967,500
Rental vacancy rate: 6.6%
Three-year growth: 28.7%
A hub of media offices, the suburb of Artarmon is home to the offices of the Special Broadcasting Service and Fox Sports. It also used to house the offices of the Australian Broadcasting Corporation.
Artarmon is divided according to its industrial, commercial and residential uses. High-rise properties are located to the west of the railway line that stops at Artarmon Station, while houses are established on the eastern side. The industrial hub is located south of the Gore Hill Freeway. Artarmon also hosts a namesake fair annually in May.
High prices could contribute to why Artarmon’s rental vacancy rates have increased from 5.0% to 6.6% in the 12 months to August 2018. The average weekly rent rate comes in at $620 as apartment values inch closer to the $1m mark, with landlords gaining yields of only 3.3% on average.