Sydney’s Northern Beaches neighbourhoods are undoubtedly some of the best places to live and invest in here in New South Wales. In this article, we’ll shine a spotlight on some of the most promising suburbs when it comes to investments.
Dee Why
Purchasing an investment property in Dee Why is a great choice for first-time investors as the suburb is famous for its family-friendly setting. Dee Why is a property owner’s dream as homes and apartments in the suburb draw in dozens of eager tenants.
The median price per house falls at around $2,600,000, and around $906,250 per unit.
Newport
If you are looking for an investment property in Northern Beaches, then Newport should definitely be on your radar. Newport is home to nearly 10,000 residents, and while this area can be slightly pricier to invest in than some of the others on this list, at least you know that you are investing in a well-established neighbourhood.
Belrose
Belrose is one of the quieter and more relaxed suburbs of outer Sydney and is known for attracting young families as well as retirees. While Belrose is not technically located in Northern Beaches, it is located in The Forest District, which is close enough.
Cromer
The median price for units in Cromer is around $900,000. The suburb is known for its excellent schools and there are many larger properties up for sale than what you would find on the beachside suburbs of Dee Why and Newport.
Balgowlah
Roughly 30% of Balgowlah’s population lives in rented accommodation. The area is very beautiful and close to all the necessary amenities to make for comfortable and convenient living. This area is said to be on the up and up and is certainly worth looking into if you are interested in investing.
Allambie Heights
Allambie Heights is full of investment property opportunities. There are many tranquil properties on the market that would attract a wide range of suitable renters. Currently around 16% of Allambie Heights’ population rent. An investment property in Allambie Heights could very well turn into your own home later down the line.
Are ready to purchase an investment property in Dee Why, Newport or one of the other beautiful Northern Beaches’ neighbourhoods? Here at Lock & Key Property Buyers, we have a team of experienced real estate consultants and buyer’s agents ready to assist you with purchasing an investment property on the Northern Beaches. Get in touch with us today to learn more!
