Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $750,000.
The upward trend in home prices in KINCUMBER, 2251 averaged 16.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $492.5 mark, reflecting a 3.41% increase in returns based on the current median price in KINCUMBER.
An average of 9.67 real estate transactions take place per month in KINCUMBER which translates to 116 per annum.
116 properties were sold in KINCUMBER in 2016, making it the 1325th most active market in NSW based on total real estate transactions.
KINCUMBER, 2251 places 408th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $480,000.
Average median unit prices in NSW have risen as a whole, pulling KINCUMBER, 2251 values up and netting property investors a capital gain of 2.13% for the past year.
Investors saw the median home price rise to $480,000.
The upward trend in home prices in KINCUMBER, 2251 averaged 9.62% per annum over a 3-year period.
KINCUMBER now ranks at the 151st 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 KINCUMBER are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In KINCUMBER, homes and units usually stay on listing for an average of 44.6 days.
24 properties were sold in KINCUMBER in 2016, making it the 306th most active market in NSW based on total real estate transactions.
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