Property investors enjoyed capital gains of 16.86% over the last 12 months in EAST KEMPSEY, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.54% growth over a ten-year period. It ranks 1357th on our list of suburbs that property investors should look into.
EAST KEMPSEY, 2440 has a capital gain of 16.86% for the past year, which is higher than average compared to its 15.09% growth within a five-year period.
With the median home price in EAST KEMPSEY sitting at $305,000, and the average rent at $340, property owners could potentially earn a 5.8% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EAST KEMPSEY are low, as opposed to average gains per annum over the past five years.
EAST KEMPSEY, 2440 in NSW belongs to the local government area of Kempsey.