Property investors who have had real estate in Hinchinbrook, 2168 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.69%
While Hinchinbrook,2168 ranked number 278th in NSW for increase in median house value (annualised) increase, it is ranked 454th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Hinchinbrook itself are offering an average vendor discount of -5.58% to real estate investors.
At number 1866 in a list of fastest selling suburbs, Hinchinbrook is just in the top half of suburbs in Australia with an average of days on market 81.25 for properties listed there.
With the median price for a house in Hinchinbrook being $700000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.57%