Is it time to invest regionally?
Despite much of the real estate focus being on Sydney and Melbourne, regional Australia is performing just as well, a property researcher ha...
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 $647,500.
The upward trend in home prices in KINCUMBER, 2251 averaged 2.64% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 4.02% increase in returns based on the current median price in KINCUMBER.
An average of 7.5 real estate transactions take place per month in KINCUMBER which translates to 90 per annum.
90 properties were sold in KINCUMBER in 2016, making it the 46th most active market in NSW based on total real estate transactions.
KINCUMBER, 2251 places 853rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $647,500 | $430,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.85% | -14.75% |
| Median 12 month | -11.9% | -16% |
| Median 3 years | 7.92% | 6.3% |
| Median 5 years | 43.89% | 24.96% |
| 10 years average annual | 6.71% | 7.63% |
| Weekly media advert. rent | $500 | $410 |
| Time on Market | 56.2 days | 93.2 days |
| Gross Rental Yield Percent | 4.02% | 4.95% |
Despite much of the real estate focus being on Sydney and Melbourne, regional Australia is performing just as well, a property researcher ha...
As Australians continue to worry about their impact on the planet, the need for houses that match consumers’ eco-friendly desires grows, a...
With a long weekend looming, communication of “house rules” can help keep the peace and prevent bad behaviour in strata communities, a ...
Last year, Australia’s property markets had a roller-coaster ride, with continued record-low interest rate and faster than expected market...
The recent downturn in the property market has not been enough to ease affordability pressures, with Australia’s housing remaining among t...
Metropolitan house values surpassed $850,000 for the first time in Victoria across the December 2019 quarter. ...
Get notifications in real-time for staying up to date with content that matters to you.