Kingscliff is in the TOP 10% in NSW when comparing median price capital growth over the last year. Kingscliff gave property investors a very good capital gain figure when compared to the rest of the state, with 13.95%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingscliff has increased when compared to the 5 year average annual rate.
Property buyers and investors in Kingscliff 2487 should be seeing an average reduction in asking price of around -7.20% . This means that Kingscliff is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 10.58 sales per month, which equates to 127 per year.
Using the current median advertised rental of $670 and the average annual increase in value of a median property of 5.58%, investors should hope to achieve an overall return of 3.36%
Kingscliff, 2487 ranked 196th in NSW when comparing growth in median property values or capital gain over the last 12 months. Kingscliff is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Kingscliff comes in at number 88th in NSW.
LACK OF BUYER INTEREST may well be the reason that Kingscliff is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 329th in terms of most discounted suburbs in NSW
A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.77%, without taking into account capital value appreciation, which has been averaging out at 4.11%.