Inverell

POSTAL CODE: NSW, 2360

HOUSE

UNIT

Property investments in INVERELL fare well against the rest of the country last year, registering a median home price increase of 22.15%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains INVERELL, 2360 saw average growth in the long term.

Real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 63.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $482,500.

INVERELL ranks 70th on the list of best yielding suburbs for rental properties in NSW, posting a 4.74% return.

Based on its average 5-year and quarterly capital gains INVERELL, 2360 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in INVERELL, 2360 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $330 mark, reflecting a 5.98% increase in returns based on the current median price in INVERELL.

An average of 0.83 real estate transactions take place per month in INVERELL which translates to 10 per annum.

10 properties were sold in INVERELL during the past year, making it the 643rd most active market in NSW based on total real estate transactions.

INVERELL, 2360 places 472nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$482,500	$287,000
Growth Report
Median Quarterly	6.51%	-2.38%
Median 12 month	22.15%	0%
Median 3 years	33.1%	0%
Median 5 years	57.17%	38.31%
10 years average annual	6.66%	0%
Weekly media advert. rent	$440	$330
Time on Market	63.7 days	N/A
Gross Rental Yield Percent	4.74%	5.98%

Demographics (Median Values)*

Total Population 14529

Weekly Household Income 973

Household Size 2.40

Average Age 41

Monthly Loan Repayment 1264

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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