At number 1984th in the list of Australian suburbs ordered by increase in median house value over the last year, Tuncurry, 2428 is in the top half with a property value increase of 2.16% recorded in median house prices.
Across a shorter period, Tuncurry, 2428 has seen a median price increase of -3.40% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.45% offered to property buyers. Sellers in Tuncurry itself are offering an average vendor discount of -5.81% to real estate investors.
Tuncurry, 2428’s gross rental yield is 4.47%
Property investors who have had real estate in Tuncurry, 2428 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.97%
While Tuncurry,2428 ranked number 178th in NSW for increase in median house value (annualised) increase, it is ranked 207th over the last 5 years.
Sellers are offering property buyers an average discount of -4.53% to buyers in Tuncurry at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Tuncurry the average time real estate has been on the market is 77.98 days.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 5.40%.
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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.