Investment property in Kurri Kurri has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.29%
The five-year average increase in median property values for Kurri Kurri,2327 has given property investors a potential capital gain of 32.73% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kurri Kurri, 2327. Typically our figures indicate that -4.30% is being offered, which puts this NSW suburb at 1287th most discounted overall in Australia.
Residents and property investors in Kurri Kurri have been waiting around 73.4225 days to sell a property.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 5.37%, investors should hope to achieve an overall return of 4.70%
Kurri Kurri is an average performer in NSW when comparing median price capital growth over the last year. Kurri Kurri gave property investors a average capital gain figure when compared to the rest of the state, with 4.08%.
The five-year average increase in median property values for Kurri Kurri,2327 has given property investors a potential capital gain of 20.00% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Kurri Kurri is offering property investors an average of -3.81. This rate of discount on properties puts Suburb at number 134th in terms of most discounted suburbs in NSW
At number 1209 in a list of fastest selling suburbs, Kurri Kurri is in the bottom 10% of suburbs in Australia with an average of days on market 126.706 for properties listed there.
The NSW suburb of Kurri Kurri, 2327 is in the Cessnock (C) local government area.
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Kurri Kurri, NSW – Artist town attracts more than just visitors
Median unit price: $288,250
Three-year growth: 10.9%
Rental yield: 5.3%
Known for being the biggest mural town in mainland Australia, Kurri Kurri is an artist’s suburb, with more than 60 pieces of artwork in public space, commemorating the area’s rich history and culture. These magnificent sights help make Kurri Kurri very popular with visitors, and have contributed to its steady trend of positive growth.
Aside from the art, the suburb’s country pubs bring a casual, fun vibe to the area. Kurri Kurri also celebrates its mining roots at the Richmond Vale Railway Museum, which displays a historic mining site and offers steam train rides. The nearby Heddon Greta drive-in adds a touch of nostalgia as movies can be enjoyed in the great outdoors.