Over the last year, property investments in Kurri Kurri, 2327 have given investors a capital gain of 2.47%. This compares favourably with the -4.21% for NSW as a whole.
Over the longer term, Kurri Kurri has seen property prices show investors a 20.10% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Kurri Kurri is giving property investors an average Vendor Discount of around -5.98%. This puts suburb at number 674th in NSW when ranking the most discounted suburbs.
The NSW suburb of Kurri Kurri, 2327 is in the Cessnock (C) local government area.
NSW has seen average median house prices change by -4.02% which means that Kurri Kurri, 2327 has not done well for property investors by showing a capital gain of 1.05% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kurri Kurri has increased when compared to the 5 year average annual rate.
Property buyers and investors in Kurri Kurri 2327 should be seeing an average reduction in asking price of around -4.32% . This means that Kurri Kurri is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
A $285 per week rent on the median house gives suburb investors a gross yield of circa 5.15%, without taking into account capital value appreciation, which has been averaging out at 1.59%.