Property value increases in Tuncurry have tracked close to the NSW average of 1.14% over the last 12 months.
Tuncurry,2428 has offered an average of -0.58% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Tuncurry 2428 should be seeing an average reduction in asking price of around -6.67% . This means that Tuncurry is holding prices well when compared to other suburbs in NSW.
Tuncurry, 2428’s gross rental yield is 4.37%
Tuncurry is in the bottom 30% in NSW when comparing median price capital growth over the last year. Tuncurry gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.86%.
Taking the average capital gain, or increase in median house value, Tuncurry,2428 has racked up an average of -4.86% over the period. This ranks it number 496th in the whole country for real estate investors looking at median house price increases.
Tuncurry, 2428 is offering NSW ‘s 99th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
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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.