Investment property in Tuncurry has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.65%
Across a shorter period, Tuncurry, 2428 has seen a median price increase of -3.40% over the last quarter.
Our latest figures would indicate that property sellers in Tuncurry are currently offering property investors an average price cut of -6.61% below the asking price at the moment.
Often selling an investment property can take time, and in Tuncurry the average time real estate has been on the market is 100.27 days.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.39%, without taking into account capital value appreciation, which has been averaging out at 4.28%.
Tuncurry, 2428 ranked 34th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tuncurry is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Tuncurry comes in at number 107th in NSW.
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 Tuncurry, 2428. Typically our figures indicate that -4.37% is being offered, which puts this NSW suburb at 970th most discounted overall in Australia.
On average over the past year, suburb has had 11.25 sales per month, which equates to 135 per year.
A coastal suburb in NSW’s Mid North Coast area, Tuncurry overlooks the water and is a lively tourist spot, especially in the summer months, along with neighbouring ForsterFull summary
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Tourist haven is a growing hub
Median house price: $497,500
Three-year growth: 21.9%
Rental yield: 4.4%
A coastal suburb in NSW’s Mid North Coast area, Tuncurry overlooks the water and is a lively tourist spot, especially in the summer months, along with neighbouring Forster.
Nine Mile Beach is a perfect spot for swimming and surfing, and fishing is a popular local activity as well. Swimmers can also head to Tuncurry Rockpool. Wharves and jetties dot the lakefront pockets of the suburb, while amenities like supermarkets have also entered Tuncurry in recent years. Given its relaxed atmosphere, Tuncurry is a great spot for families.
With a median price tag of less than $500,000, Tuncurry offers good value for houses. The market has also been on the rise since 2014, with value growth of 35.9% from January 2014-2019. Investors also reap reasonable returns at 4.4% off an average weekly rent of $420.Close