Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
WEST KEMPSEY, 2440 ranks 452nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.81% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $279,000.
The upward trend in home prices in WEST KEMPSEY, 2440 averaged 12.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $325 mark, reflecting a 6.06% increase in returns based on the current median price in WEST KEMPSEY.
An average of 13.08 real estate transactions take place per month in WEST KEMPSEY which translates to 157 per annum.
157 properties were sold in WEST KEMPSEY in 2016, making it the 1117th most active market in NSW based on total real estate transactions.
WEST KEMPSEY, 2440 places 163rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $279,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.69% | N/A |
| Median 12 month | 14.81% | N/A |
| Median 3 years | 36.1% | N/A |
| Median 5 years | 49.08% | N/A |
| 10 years average annual | 4.68% | N/A |
| Weekly media advert. rent | $325 | N/A |
| Time on Market | 83.4 days | N/A |
| Gross Rental Yield Percent | 6.06% | N/A |
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