Why It’s The Perfect Time To Realign Your Regional Portfolio
If you’ve been considering parting with a regional property, but you’re worried certain factors might make it a hard...
A 66.91% increase in median property prices in KEMBLA GRANGE, 2526 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 3rd.
It 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 $580,000
The augmented property values in the suburb are trailing above the territorial average of 14.76% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $580.
Home owners selling their properties and realtors in KEMBLA GRANGE usually have to wait an average of 68.4 days days before their assets are lifted off the market.
The NSW suburb ranks 107th on the list of best yielding suburbs for rental properties in NSW, posting a 5.2% return.
It also places places 551st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||66.91%||N/A|
|Median 3 years||50.65%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||5.44%||N/A|
|Weekly media advert. rent||$580||N/A|
|Time on Market||68.4 days||N/A|
|Gross Rental Yield Percent||5.2%||N/A|