Artarmon is a suburb conveniently located just 9 km north of the CBD. Due to its close proximity to the Gore Hill freeway, one can be easily in the heart of Sydney within a 10 minute car ride.
Why I like Artarmon:
- Easy access to the Gore Hill freeway through Reserve road.
- The west side of Herbert street is a mature built-up area where the majority of Artarmon’s apartment blocks are located. The train station conveniently serves the majority of residents within this Hampden road precinct and is 6 stops from Wynyard station.
- Artarmon is within 5 minutes drive to the neighbouring Chatswood metropolis.
- The area on the east side of Herbert street is leafy and secluded with quaint and older houses.
- Village feel with its local restaurants and cafes on both sides of the Artarmon train station.
Drawback
- Most areas of Artarmon to the west side of Herbert street are fully built with apartments ranging between 20 – 35 years old.
- There are still light industrial caryards and warehouses on the west side of Artarmon.
- Two dominant television transmission towers dominant the skyline.
Vital statistics
| Artarmon | Median price $ | Weekly advertised median rent $ | Gross yield $ | 3-year growth % | 5-year growth % | Average annual growth % |
| Apartment | 513,750 | 450 | 4.55 | 14.42 | 14.42 | 5.73 |
| House | 1,342,500 | 680 | 2.63 | 24.25 | 28.16 | 8.4 |
Source: RP Data & Your Investment Property, March 2010
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How it’s calculated:
Median price: Median price for the 12 months to November 2009
Average annual growth: Average percentage change over the past 10 years as a per annum figure
3 and 5-year growth: Median price percentage change over the past 3 and 5 years to November 2009
Weekly median advertised rent: Median price of rental listings for the 12 months to November 2009
Gross yield: Estimated rental return, based on advertised rent to median price
