Giving property investors a an unimpressive capital gain of -1.58% for the last year, Kandos, 2848 is the 2481th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kandos has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -8.14% to buyers in Kandos at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Kandos the average time real estate has been on the market is 85.1034 days.
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Kandos, NSW – Coated with artistic flair
Postcode: 2848
Median house price: $184,000
Three-year growth: 36.3%
Rental yield: 7.3%
Tucked in the Central Tablelands, Kandos is a town that is located 65km from the wine-growing region of Mudgee. It once acted as a primary supplier of cement but it has gradually transformed into a thriving artistic hub.
Most shopping amenities and medical facilities can be accessed locally, with further options available in the nearby suburb of Rylstone, where there is a hospital in easy reach also.
There is a local school, and the many outdoors activities – ranging from fishing, kayaking and venturing on walking trails – make it a popular destination for families. The fairs that take place throughout the year also speak for the suburb’s anchorage in culture and a strong community spirit.