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Cumbalum
AREA REPORTS

Cumbalum

Cumbalum - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2478

house
unit

CUMBALUM, 2478 ranks 167th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 49.02% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,140,000.

The upward trend in home prices in CUMBALUM, 2478 averaged 25.58% per annum over a 3-year period.

Average weekly rents on listings have reached the $700 mark, reflecting a 3.19% increase in returns based on the current median price in CUMBALUM.

An average of 4.42 real estate transactions take place per month in CUMBALUM which translates to 53 per annum.

53 properties were sold in CUMBALUM in 2016, making it the 384th most active market in NSW based on total real estate transactions.

CUMBALUM, 2478 places 218th in Australia based on median property value growth during the quarter.

Data report can be found below

Cumbalum
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,140,000 $768,500
GROWTH REPORT
Median Quarterly 11.49% 2.67%
Median 12 month 49.02% 23.95%
Median 3 years 76.74% N/A
Median 5 years 78.68% N/A
10 years average annual 9.39% 17.83%
Weekly media advert. rent $700 N/A
Time on Market 49.2 days 0.0 days
Gross Rental Yield Percent 3.19% N/A
demographics (median values)*
Total Population
28310
Weekly Household Income
1140
Household Size
2.30
Age
48
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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