Property investors who have had real estate in Port Kembla, 2505 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 21.57%
Port Kembla,2505 has offered an average of 21.57% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.14% to buyers in Port Kembla at the moment, which is less than average for the rest of NSW.
Residents and property investors in Port Kembla have been waiting around 46.77 days to sell a property.
With the median price for a house in Port Kembla being $479000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.29%
Port Kembla has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.74% to date .
Comparing Port Kembla,2505 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 23.67%.