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 9.57% growth over a ten-year period. It ranks 189th 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 4.21% for the past year, which is lower than average compared to its 52.31% growth within a five-year period.

With the median home price in PORT KEMBLA sitting at $990,000, and the average rent at $660, property owners could potentially earn a 3.47% 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.

Homeowners and real estate investors betting on PORT KEMBLA, 2505 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.97%.

A steady increase in median property prices over a five-year period in PORT KEMBLA, 2505 translates to a 0% capital gain.

Property investors enjoyed capital gains of 16.97% over the last 12 months in PORT KEMBLA, translating to lower returns compared with its peers in NSW.

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 $810,000.

Profits due to an upward trend in home prices in PORT KEMBLA, 2505 averaged 0% 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 $450 mark, reflecting a 2.89% increase in returns based on the current median price in PORT KEMBLA.

PORT KEMBLA, 2505 places 241st 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	$990,000	$810,000
Growth Report
Median Quarterly	-3.01%	1.89%
Median 12 month	4.21%	16.97%
Median 3 years	2.59%	0%
Median 5 years	52.31%	107.43%
10 years average annual	9.57%	18.35%
Weekly media advert. rent	$660	$450
Time on Market	45.9 days	N/A
Gross Rental Yield Percent	3.47%	2.89%

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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