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Kurri Kurri

trudiwilliams5

Kurri Kurri, NSW 2327 is a historic town in the Hunter Region, originally established to support the coal mining industry in the early 1900s. Known for its vibrant murals that depict local history and culture, Kurri Kurri offers a welcoming community atmosphere with access to schools, parks, and sports facilities. Its proximity to the Hunter Valley wine region adds to its appeal for residents and tourists alike.

  1. Location and Accessibility:

    • Kurri Kurri is located in the Hunter Region of New South Wales, approximately 150 km north of Sydney.

    • Convenient access via the Hunter Expressway ensures strong connectivity for commuters and visitors.

  2. Population and Housing:

    • Dwellings: 6,174 residential properties.

    • Average house price: $629,000, with weekly rents at $457.

    • Gross yield: 3.77% for houses, indicating reasonable rental returns relative to property values.

  3. Socio-Economic and Education Metrics:

    • School Rank: Average ranking derived from NAPLAN and ACARA datasets, reflecting the quality of education in the area.

    • IRSAD Score: Indicates moderate socio-economic diversity based on access to resources and participation in society.

  4. Market Activity and Investment:

    • Market Liquidity: Consistent annual sales volume, reflecting a moderately active property market.

    • Projected Annual ROI: Ranges between -2% and 17%, depending on market conditions and demand trends.

    • Median Days on Market: 27 days, signaling high demand for properties.

  5. Supply and Demand Indicators:

    • Vacancy Rate: 0.0%, highlighting extremely high rental demand.

    • Stock on Market: 0.23%, with inventory levels at 0.64 months, indicating a tight supply.

    • Building Approvals Ratio: 0.20%, reflecting limited new construction activity.

This summary showcases Kurri Kurri as a town with strong community appeal, high rental demand, and stable market conditions. Its rich heritage and proximity to major amenities make it an attractive choice for residents, while investors benefit from its potential for steady rental returns and moderate growth.

 



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