Suburb Profile Report for Kincumber NSW (2251)

Kincumber House: Median price $688,000, Annual capital growth 7.20%, Number of sales 120, Weekly median advertised rent $480

Kincumber Unit: Median price $470,000, Annual capital growth 9.15%, Number of sales 22, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a stable capital gain of 13.72% for the last year, Kincumber, 2251 is the 1069th highest performer in Australia in this respect.

Over the longer term, Kincumber has seen property prices show investors a 49.57% return over the last 3 years. This is worse than over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Kincumber itself are offering an average vendor discount of -4.52% to real estate investors.

Kincumber is an average performer in NSW when comparing median price capital growth over the last year. Kincumber gave property investors a average capital gain figure when compared to the rest of the state, with 8.67%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kincumber has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Kincumber should be aiming for at least -7.89% off the asking price, which is the average vendor discount being achieved at the moment.

Kincumber is 172th on a list of best yielding suburbs for rents in NSW with a 4.43% return

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July 2017

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The suburb of Kincumber has been experiencing stunning levels of growth, logging a striking average annual growth rate of 9.96%, according to CoreLogic.Full summary

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.

Close
Metrics i HOUSE UNIT
$688,000 $470,000
5.28% 2.17%
13.72% 8.67%
7.20% 9.15%
$480 $400
120 22
3.63% 4.43%
34.18 31.73

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Kincumber NSW
Demographics
Total population 6835
Median household income ($/weekly) 924
Median age of persons 44
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 845 12.4
    35-44 years 776 11.4
    45-54 years 930 13.6
    55-64 years 697 10.2
    75-84 years 754 11.0
    Others 2834 41.5
    Age Group
    Census Count Percent(%)
    Registered Married 2534 49.4
    Not Married 2229 43.5
    Defacto Relationship 363 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5567 84.8
    New Zealand 31 0.5
    Papua New Guinea 110 1.7
    United Kingdom 525 8.0
    Other 104 1.6
    Others 225 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 0.8
    Christianity 5057 79.7
    Hinduism 14 0.2
    Judaism 14 0.2
    No Religion 1179 18.6
    Others 26 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 292 12.3
    $400-$599 368 15.5
    $600-$799 239 10.1
    $800-$999 248 10.4
    $1,500-$1,999 263 11.1
    Others 964 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2411 44.8
    Employed, worked full-time 1591 29.5
    Employed, worked part-time 1034 19.2
    Unemployed, looking for work 176 3.3
    Employed, away from work 174 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 501 17.9
    Technicians & trades workers 439 15.7
    Community & personal service workers 390 13.9
    Clerical & administrative workers 407 14.5
    Sales 321 11.5
    Others 741 26.5
    Occupation
    Census Count Percent(%)
    Pre-school 138 8.9
    Infants/Primary 527 34.2
    Secondary 492 31.9
    Technical or Further Educational Institution 121 7.8
    University or other Tertiary Institutions 223 14.5
    Others 42 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5101 79.3
    Semi-detached, row or terrace house, townhouse 1221 19.0
    Flat, unit or apartment 110 1.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 936 36.6
    Being purchased 891 34.8
    Rented 508 19.9
    Other tenure type 224 8.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals