Investment property in Kandos has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.17%
Taking the average capital gain, or increase in median house value, Kandos,2848 has racked up an average of -4.17% over the period. This ranks it number 639th in the whole country for real estate investors looking at median house price increases.
Kandos, 2848 is offering NSW ‘s 72th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 5.11%, investors should hope to achieve an overall return of 7.35%
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Kandos, NSW – Coated with artistic flair
Median house price: $184,000
Three-year growth: 36.3%
Rental yield: 7.3%
Tucked in the Central Tablelands, Kandos is a town that is located 65km from the wine-growing region of Mudgee. It once acted as a primary supplier of cement but it has gradually transformed into a thriving artistic hub.
Most shopping amenities and medical facilities can be accessed locally, with further options available in the nearby suburb of Rylstone, where there is a hospital in easy reach also.
There is a local school, and the many outdoors activities – ranging from fishing, kayaking and venturing on walking trails – make it a popular destination for families. The fairs that take place throughout the year also speak for the suburb’s anchorage in culture and a strong community spirit.