Giving property investors a a poor capital gain of -12.72% for the last year, Kincumber, 2251 is the 3637th highest performer in Australia in this respect.
A 44.30% growth in median value for property investors in Kincumber,2251 puts this suburb at number 1123th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Kincumber is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 442th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $26000 per annum or $500 every week.
At number 1399th in the list of Australian suburbs ordered by increase in median house value over the last year, Kincumber, 2251 is in the BOTTOM 10% with a property value increase of -16.75% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Kincumber,2251 has racked up an average of -16.75% over the period. This ranks it number 377th in the whole country for real estate investors looking at median house price increases.
Situated 47.62km from the CBD, Kincumber is one of Central Coast (C) (NSW) localities in the postcode 2251.
Information supplied by:
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.