At number 723th in the list of Australian suburbs ordered by increase in median house value over the last year, Kincumber, 2251 is in the top 20% with a property value increase of 13.08% recorded in median house prices.
Comparing Kincumber,2251 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Kincumber is $739000, with sellers offering an average of -4.51% off the asking price.
With the median price for a house in Kincumber being $739000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.52%
At number 888th in the list of Australian suburbs ordered by increase in median house value over the last year, Kincumber, 2251 is in the BOTTOM 50% with a property value increase of 2.11% recorded in median house prices.
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.
Kincumber2251 is located in NSW which offers an average discount of -4.86% to property investors. Kincumber itself is showing figures that indicate -9.22% is the average achievable by property buyers investing in the 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