Property value increases in Kincumber have tracked just lower than the NSW average of 0.15% over the last 12 months.
The five-year average increase in median property values for Kincumber,2251 has given property investors a potential capital gain of 43.88% across each of those five years.
The most recent median price for Kincumber is $676250, with sellers offering an average of -6.60% off the asking price.
At number 1067 in a list of fastest selling suburbs, Kincumber is in the TOP 30% of suburbs in Australia with an average of days on market 64.1014 for properties listed there.
With a capital gain of -12.71% for the last 12 months, Kincumber, 2251 has performed for property investments than its average annual 11.31% property growth over the last 5 years.
While Kincumber,2251 ranked number 42th in NSW for increase in median house value (annualised) increase, it is ranked 284th over the last 5 years.
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Mountain reserve home sustains star performance
Median unit price: $450,000
Three-year growth: 41.45%
Rental yield: 4.62%
Sandwiched between the Kincumba Mountain Reserve and the Kincumber Broadwater, the suburb of Kincumber has been experiencing stunning levels of growth, logging a striking average annual growth rate of 9.96%, as per CoreLogic.
This trend does not appear to be slowing down anytime soon, with prices in the unit market soaring by 25% in the past 12 months leading up to April 2017. Apartments are in considerable demand, as they are selling at a low average discount rate of only 2.62%. It’s a good deal as well for investors, given the high expected yield of almost 5%.
The local mountain reserve hosts many community events and is a popular recreational spot for picnics and bushwalking. There is a shopping centre in town, along with a primary school and a high school.