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
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
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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.Close