Port Kembla

POSTAL CODE: NSW, 2505

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains PORT KEMBLA, 2505 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PORT KEMBLA, 2505 obtained a 9.65% growth over a ten-year period. It ranks 174th on our list of suburbs that property investors should look into.

PORT KEMBLA, 2505 in NSW belongs to the local government area of Wollongong.

PORT KEMBLA, 2505 has a capital gain of 21.28% for the past year, which is higher than average compared to its 62.86% growth within a five-year period.

With the median home price in PORT KEMBLA sitting at $1,140,000, and the average rent at $700, property owners could potentially earn a 3.19% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PORT KEMBLA are high, as opposed to average gains per annum over the past five years.

A steady increase in median property prices over a five-year period in PORT KEMBLA, 2505 translates to a 18.09% capital gain.

PORT KEMBLA, 2505 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 $747,500.

Profits due to an upward trend in home prices in PORT KEMBLA, 2505 averaged 6.03% per annum over a 3-year period.

Home owners selling their properties and realtors in PORT KEMBLA usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the $470 mark, reflecting a 3.27% increase in returns based on the current median price in PORT KEMBLA.

PORT KEMBLA, 2505 places 566th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,140,000	$747,500
Growth Report
Median Quarterly	15.44%	-7.72%
Median 12 month	21.28%	0%
Median 3 years	20.63%	18.09%
Median 5 years	62.86%	82.99%
10 years average annual	9.65%	12.45%
Weekly media advert. rent	$700	$470
Time on Market	55.8 days	N/A
Gross Rental Yield Percent	3.19%	3.27%

Demographics (Median Values)*

Total Population 5014

Weekly Household Income 1016

Household Size 2.40

Average Age 43

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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