Investment property in Kooringal 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 5.96%
If we look at median property appreciation over just the last three months, Kooringal has given property investors a paper return of 0.00%. This puts Suburb as 1023 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Kooringal is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 504th in terms of most discounted suburbs in NSW
Residents and property investors in Kooringal have been waiting around 85.55 days to sell a property.
Kooringal is 107th on a list of best yielding suburbs for rents in NSW with a 5.36% return
Property value increases in Kooringal have tracked higher than the NSW average of 8.39% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kooringal has increased when compared to the 5 year average annual rate.
In the last year 19 properties changed hands in Kooringal, which puts it as the 466th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $225 mark per week – giving a return of 4.98% based on the median price in Suburb