Investment property in Kincumber has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.87%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kincumber has increased when compared to the 5 year average annual rate.
The most recent median price for Kincumber is $590000, with sellers offering an average of -3.14% off the asking price.
On average over the past year, suburb has had 9.50 sales per month, which equates to 114 per year.
Kincumber, 2251 ranked 334th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kincumber is one of 3162 in our list for NSW
Kincumber,2251 was ranked 778 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Kincumber itself are offering an average vendor discount of -2.00% to real estate investors.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 5.38%, without taking into account capital value appreciation, which has been averaging out at 2.32%.