Kurnell

KURNELL, 2231 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling KURNELL, 2231 values up and netting property investors a capital gain of 11.65% for the past year.

Investors saw the median home price rise to $1,150,000.

Profits due to an downward trend in home prices in the suburb averaged -1.55% per annum over a 3-year period.

KURNELL now ranks at the 981st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in KURNELL are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $675 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KURNELL, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 32 properties were sold in KURNELL during the past year, making it the 625th most active market in NSW based on total real estate transactions.