Property investors who have had real estate in Tuncurry, 2428 should be 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 14.10%
While Tuncurry,2428 ranked number 336th in NSW for increase in median house value (annualised) increase, it is ranked 931th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Tuncurry is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 874th in terms of most discounted suburbs in NSW
With the median price for a house in Tuncurry being $445000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.32%
With a capital gain of 3.64% for the last 12 months, Tuncurry, 2428 has performed for property investments than its average annual 1.26% property growth over the last 5 years.
Across a shorter period, Tuncurry, 2428 has seen a median price increase of 0.18% over the last quarter.
Vendor discounting in Tuncurry is giving property investors an average Vendor Discount of around -4.08%. This puts suburb at number 268th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 12.17 sales per month, which equates to 146 per year.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.93%, without taking into account capital value appreciation, which has been averaging out at 1.26%.