NSW has seen average median house prices change by 11.53% which means that Kingscliff, 2487 has done well for property investors by showing a capital gain of -2.05% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Kingscliff comes in at number 1092th in NSW.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.25% offered to property buyers. Sellers in Kingscliff itself are offering an average vendor discount of -6.75% to real estate investors.
In the last year 120 properties changed hands in Kingscliff, which puts it as the 209th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Kingscliff being $837500 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.04%
Kingscliff, 2487 ranked 338th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kingscliff is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingscliff has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Kingscliff are currently offering property investors an average price cut of -4.39% below the asking price at the moment.
Residents and property investors in Kingscliff have been waiting around 90.17 days to sell a property.