Tuncurry has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.88% to date .
While Tuncurry,2428 ranked number 1198th in NSW for increase in median house value (annualised) increase, it is ranked 494th over the last 5 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 Tuncurry, 2428. Typically our figures indicate that -7.47% is being offered, which puts this NSW suburb at 861th most discounted overall in Australia.
With the median price for a house in Tuncurry being $505000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 4.48%
Tuncurry, 2428 ranked 194th in NSW when comparing growth in median property values or capital gain over the last 12 months. Tuncurry is one of 3163 in our list for NSW
While Tuncurry,2428 ranked number 209th in NSW for increase in median house value (annualised) increase, it is ranked 72th over the last 5 years.
The most recent median price for Tuncurry is $355000, with sellers offering an average of -6.34% off the asking price.
Advertised rents are around the $310 mark per week – giving a return of 4.54% based on the median price in Suburb
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Tourist haven is a growing hub
Median house price: $497,500
Three-year growth: 21.9%
Rental yield: 4.4%
A coastal suburb in NSW’s Mid North Coast area, Tuncurry overlooks the water and is a lively tourist spot, especially in the summer months, along with neighbouring Forster.
Nine Mile Beach is a perfect spot for swimming and surfing, and fishing is a popular local activity as well. Swimmers can also head to Tuncurry Rockpool. Wharves and jetties dot the lakefront pockets of the suburb, while amenities like supermarkets have also entered Tuncurry in recent years. Given its relaxed atmosphere, Tuncurry is a great spot for families.
With a median price tag of less than $500,000, Tuncurry offers good value for houses. The market has also been on the rise since 2014, with value growth of 35.9% from January 2014-2019. Investors also reap reasonable returns at 4.4% off an average weekly rent of $420.