Property investors who have had real estate in Kooringal, 2650 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
The five-year average increase in median property values for Kooringal,2650 has given property investors a potential capital gain of 8.93% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Kooringal itself are offering an average vendor discount of -5.62% to real estate investors.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.75%, investors should hope to achieve an overall return of 5.63%
Kooringal is in the bottom 20% in NSW when comparing median price capital growth over the last year. Kooringal gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.59%.
With the median price for a house in Kooringal being $194500 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 6.08%