Artarmon, Sydney – A lower north shore gem


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.

1 Jersey road aka Jersey Towers

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


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