Investment property in Kurri Kurri 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 15.25%
Across a shorter period, Kurri Kurri, 2327 has seen a median price increase of 6.25% over the last quarter.
Kurri Kurri2327 is located in NSW which offers an average discount of -5.25% to property investors. Kurri Kurri itself is showing figures that indicate -5.14% is the average achievable by property buyers investing in the suburb.
In the last year 122 properties changed hands in Kurri Kurri, which puts it as the 200th most active market in NSW when comparing the number of sales per suburb.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.89%, without taking into account capital value appreciation, which has been averaging out at 5.90%.
Property value increases in Kurri Kurri have tracked close to the NSW average of 8.31% over the last 12 months.
Kurri Kurri, 2327 is offering NSW ‘s 117th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Often selling an investment property can take time, and in Kurri Kurri the average time real estate has been on the market is 99.27 days.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 5.48%