NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
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 8.36% growth over a ten-year period. It ranks 181st on our list of suburbs that property investors should look into.
PORT KEMBLA, 2505 in NSW belongs to the local government area of Wollongong (C).
PORT KEMBLA, 2505 has a capital gain of 9.38% for the past year, which is lower than average compared to its 52.17% growth within a five-year period.
With the median home price in PORT KEMBLA sitting at $700,000, and the average rent at $450, property owners could potentially earn a 3.34% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PORT KEMBLA are low, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.38%||-9.19%|
|Median 3 years||9.03%||-19.48%|
|Median 5 years||52.17%||66.17%|
|10 years average annual||8.36%||-3.57%|
|Weekly media advert. rent||$450||$320|
|Time on Market||60.0 days||0.0 days|
|Gross Rental Yield Percent||3.34%||4.26%|