At number 845th in the list of Australian suburbs ordered by increase in median house value over the last year, Kingscliff, 2487 is in the top 30% with a property value increase of 11.76% recorded in median house prices.
Kingscliff,2487 was ranked 2600 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Kingscliff should be aiming for at least -5.82% off the asking price, which is the average vendor discount being achieved at the moment.
Investment property in Kingscliff has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.48%
Kingscliff,2487 was ranked 722 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 -4.41% offered to property buyers. Sellers in Kingscliff itself are offering an average vendor discount of -5.83% to real estate investors.
Using the current median advertised rental of $415 and the average annual increase in value of a median property of 0.04%, investors should hope to achieve an overall return of 5.02%