Kandos is an average performer in NSW when comparing median price capital growth over the last year. Kandos gave property investors a average capital gain figure when compared to the rest of the state, with -2.89%.
A 15.99% growth in median value for property investors in Kandos,2848 puts this suburb at number 607th in terms of best performing suburbs in NSW
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Kandos itself are offering an average vendor discount of -7.93% to real estate investors.
With the median price for a house in Kandos being $185000 and the advertised rent reaching $257.5 the gross rental yield for property investors calculates out to be 7.24%
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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.