With a capital gain of 1.49% for the last 12 months, Tuncurry, 2428 has performed for property investments than its average annual 4.69% property growth over the last 5 years.
The five-year average increase in median property values for Tuncurry,2428 has given property investors a potential capital gain of 36.91% 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 Tuncurry, 2428. Typically our figures indicate that -8.12% is being offered, which puts this NSW suburb at 843th most discounted overall in Australia.
Often selling an investment property can take time, and in Tuncurry the average time real estate has been on the market is 112.063 days.
Property investors should expect to get $440 weekly from the median priced house in this suburb.
With a capital gain of -3.24% for the last 12 months, Tuncurry, 2428 has performed for property investments than its average annual 3.90% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Tuncurry,2428 has racked up an average of -3.24% over the period. This ranks it number 260th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Tuncurry 2428 should be seeing an average reduction in asking price of around -7.62% . This means that Tuncurry is holding prices well when compared to other suburbs in NSW.
Tuncurry, 2428’s gross rental yield is 4.69%
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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.