Melbourne overtakes Sydney as the busiest city for auctions
Melbourne was host to 894 auctions over the past week, overtaking Sydney as the busiest capital city for auctions. ...
Property investors enjoyed capital gains of 1.56% over the last 12 months in GUNNEDAH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.38% growth over a ten-year period. It ranks 2197th on our list of suburbs that property investors should look into.
GUNNEDAH, 2380 has a capital gain of 1.56% for the past year, which is higher than average compared to its 7.44% growth within a five-year period.
With the median home price in GUNNEDAH sitting at $325,000, and the average rent at $350, property owners could potentially earn a 5.6% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GUNNEDAH are low, as opposed to average gains per annum over the past five years.
GUNNEDAH, 2380 in NSW belongs to the local government area of Gunnedah (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $325,000 | $274,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.07% | N/A |
| Median 12 month | 1.56% | N/A |
| Median 3 years | -4.41% | N/A |
| Median 5 years | 7.44% | 6.82% |
| 10 years average annual | 3.38% | 7.79% |
| Weekly media advert. rent | $350 | $285 |
| Time on Market | 110.8 days | 0.0 days |
| Gross Rental Yield Percent | 5.6% | 5.41% |
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