At number 1563th in the list of Australian suburbs ordered by increase in median house value over the last year, Tuncurry, 2428 is in the top 40% with a property value increase of 2.02% recorded in median house prices.
If we look at median property appreciation over just the last three months, Tuncurry has given property investors a paper return of -2.88%. This puts Suburb as 828 on a list of fastest fasting appreciating suburbs in NSW
Tuncurry, 2428 is offering NSW ‘s 246th 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.
Residents and property investors in Tuncurry have been waiting around 105.388 days to sell a property.
Situated 223.51km from the CBD, Tuncurry is one of Mid-Coast (A) localities in the postcode 2428.
NSW has seen average median house prices change by -3.67% which means that Tuncurry, 2428 has not done well for property investors by showing a capital gain of 1.43% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tuncurry has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Tuncurry is offering property investors an average of -6.79. This rate of discount on properties puts Suburb at number 194th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Tuncurry the average time real estate has been on the market is 98.4681 days.
Renters in Suburb are facing rents around $16120 per annum or $310 every week.
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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.