Over the last year, property investments in Kincumber, 2251 have given investors a capital gain of 13.24%. This compares very favourably with the 4.04% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kincumber has increased when compared to the 5 year average annual rate.
The most recent median price for Kincumber is $740000, with sellers offering an average of -3.90% off the asking price.
Kincumber, 2251’s gross rental yield is 3.65%
Over the last year, property investments in Kincumber, 2251 have given investors a capital gain of 11.17%. This compares very favourably with the 1.69% for NSW as a whole.
If we look at median property appreciation over just the last three months, Kincumber has given property investors a paper return of 8.29%. This puts Suburb as 28 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Kincumber is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in NSW
Property investors should expect to get $390 weekly from the median priced house in this suburb.
The suburb of Kincumber has been experiencing stunning levels of growth, logging a striking average annual growth rate of 9.96%, according to CoreLogic.Full summary
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Mountain reserve home sustains star performance
Median unit price: $450,000
Three-year growth: 41.45%
Rental yield: 4.62%
Sandwiched between the Kincumba Mountain Reserve and the Kincumber Broadwater, the suburb of Kincumber has been experiencing stunning levels of growth, logging a striking average annual growth rate of 9.96%, as per CoreLogic.
This trend does not appear to be slowing down anytime soon, with prices in the unit market soaring by 25% in the past 12 months leading up to April 2017. Apartments are in considerable demand, as they are selling at a low average discount rate of only 2.62%. It’s a good deal as well for investors, given the high expected yield of almost 5%.
The local mountain reserve hosts many community events and is a popular recreational spot for picnics and bushwalking. There is a shopping centre in town, along with a primary school and a high school.Close