Melbourne, Perth Drive Weekly Auction Activity
Capital city auction activity is expected to rise over this weekend, with an increase in volumes on the back of strong a...
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 $774,500.
The upward trend in home prices in KINCUMBER, 2251 averaged 1.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $585 mark, reflecting a 3.93% increase in returns based on the current median price in KINCUMBER.
An average of 7.92 real estate transactions take place per month in KINCUMBER which translates to 95 per annum.
95 properties were sold in KINCUMBER in 2016, making it the 23rd most active market in NSW based on total real estate transactions.
KINCUMBER, 2251 places 338th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.47%||1.6%|
|Median 3 years||5.09%||-0.73%|
|Median 5 years||35.88%||26.73%|
|10 years average annual||7.36%||9.56%|
|Weekly media advert. rent||$585||$395|
|Time on Market||29.5 days||31.1 days|
|Gross Rental Yield Percent||3.93%||4.31%|