Suburb Profile Report for Kincumber NSW (2251)

Kincumber House: Median price $670,050, Annual capital growth 7.03%, Number of sales 123, Weekly median advertised rent $480

Kincumber Unit: Median price $470,000, Annual capital growth 7.31%, Number of sales 20, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Kincumber, 2251 ranked 763th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kincumber is one of 3163 in our list for NSW

Across a shorter period, Kincumber, 2251 has seen a median price increase of 3.08% over the last quarter.

At number 367th of NSW’s most discounted properties, Kincumber is in the middle of the state/territory when listing in order of most discounted to least.

In the last year 123 properties changed hands in Kincumber, which puts it as the 196th most active market in NSW when comparing the number of sales per suburb.

Property value increases in Kincumber have tracked just higher than the NSW average of 8.39% over the last 12 months.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kincumber, 2251. Typically our figures indicate that -9.27% is being offered, which puts this NSW suburb at 9th most discounted overall in Australia.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Kincumber, 2251’s gross rental yield is 4.43%

Information supplied by:


July 2017

M
O

W
E
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

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
Metrics i HOUSE UNIT
$670,050 $470,000
3.08% -1.05%
10.75% 14.63%
7.03% 7.31%
$480 $400
123 20
3.73% 4.43%
35.38 31.69

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Kincumber NSW
Demographics
Total population 6835
Median household income ($/weekly) 924
Median age of persons 44
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 845 12.4
    35-44 years 776 11.4
    45-54 years 930 13.6
    55-64 years 697 10.2
    75-84 years 754 11.0
    Others 2834 41.5
    Age Group
    Census Count Percent(%)
    Registered Married 2534 49.4
    Not Married 2229 43.5
    Defacto Relationship 363 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5567 84.8
    New Zealand 31 0.5
    Papua New Guinea 110 1.7
    United Kingdom 525 8.0
    Other 104 1.6
    Others 225 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 0.8
    Christianity 5057 79.7
    Hinduism 14 0.2
    Judaism 14 0.2
    No Religion 1179 18.6
    Others 26 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 292 12.3
    $400-$599 368 15.5
    $600-$799 239 10.1
    $800-$999 248 10.4
    $1,500-$1,999 263 11.1
    Others 964 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2411 44.8
    Employed, worked full-time 1591 29.5
    Employed, worked part-time 1034 19.2
    Unemployed, looking for work 176 3.3
    Employed, away from work 174 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 501 17.9
    Technicians & trades workers 439 15.7
    Community & personal service workers 390 13.9
    Clerical & administrative workers 407 14.5
    Sales 321 11.5
    Others 741 26.5
    Occupation
    Census Count Percent(%)
    Pre-school 138 8.9
    Infants/Primary 527 34.2
    Secondary 492 31.9
    Technical or Further Educational Institution 121 7.8
    University or other Tertiary Institutions 223 14.5
    Others 42 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5101 79.3
    Semi-detached, row or terrace house, townhouse 1221 19.0
    Flat, unit or apartment 110 1.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 936 36.6
    Being purchased 891 34.8
    Rented 508 19.9
    Other tenure type 224 8.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals