Suburbs across Ku-ring-gai have been performing well for many years now, with high prices, strong rental yields and excellent capital growth that provide excellent returns for investors.
But with talk of a plateauing market across the country, how is Ku-ring-gai’s real estate market affected? We take a look at the suburbs that are still delivering great results for investment properties.
According to data from CoreLogic, St Ives is currently one of the best investment opportunities in Ku-ring-gai, with median unit prices increasing 10.33% in the past 12 months. This growth can be expected to continue, so now is a good time to make a move for those who’ve been considering an investment in St Ives.
Units in St Ives also bring in the highest median rent in Ku-ring-gai and a rental yield of 3.33%.
When it comes to houses, St Ives had one of the highest total sales in Sydney in 2017, coming in at number 5 on CoreLogic’s Best of the Best report.
Pymble is another positive area for units, with quick sale times suggesting a strong demand. Apartments spend an average of 43.95 days on the market in Pymble, which is the shortest period for both houses and units in Ku-ring-gai.
Those interested in houses will also benefit at sale time, with Pymble and Warrawee tied for the area’s highest median house price of $2.35 million, although time on the market is a little longer for houses at 83.78 days on average.
Buyers looking for more affordable houses in Ku-ring-gai will find the lowest median house price of $1,918,500 in Wahroonga, as well as good average annual growth of 8.76%. Wahroonga also came in just behind Pymble at number 6 on CoreLogic’s Best of the Best report for highest total value of sales in 2017, indicating numerous of properties to choose from when buying, as well as high demand when selling down the line.
As well as being tied with Pymble for the highest median house price in the area, Warrawee also has good average annual growth of 9.85% and the fastest sale time for houses in Ku-ring-gai. The average time on the market for houses in Warrawee is just 49.64, suggesting high demand for properties that is sure to increase over the coming 12 months.
Units are also an excellent move for investors in Warrawee, with the lowest median price in Ku-ring-gai at $749,000, as well as the highest rental yield of 3.96%.
Turramurra joined Pymble and Wahroonga on CoreLogic’s Best of the Best list for highest total house sales in 2017, coming in at number 10. This ranking reflects the high median house price of $2 million, as well as the volume of sales, currently sitting at 157 for the past 12 months.
For units, rental yield is positive at 3.49% and the weekly median rent is also good for investors at $590.