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Property investors enjoyed capital gains of 30% over the last 12 months in MOREE, 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 3.33% growth over a ten-year period. It ranks 2411th on our list of suburbs that property investors should look into.
MOREE, 2400 has a capital gain of 30% for the past year, which is higher than average compared to its -5.21% growth within a five-year period.
With the median home price in MOREE sitting at $227,500, and the average rent at $280, property owners could potentially earn a 6.4% increase in gross rental yield.
A 30% increase in median property prices in MOREE, 2400 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 52nd.
Figures from the previous quarter show that capital gains for real estate buyers in MOREE are high, as opposed to average gains per annum over the past five years.
MOREE, 2400 in NSW belongs to the local government area of Moree Plains (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30%||N/A|
|Median 3 years||4.6%||N/A|
|Median 5 years||-5.21%||5.26%|
|10 years average annual||3.33%||18.75%|
|Weekly media advert. rent||$280||$200|
|Time on Market||149.7 days||0.0 days|
|Gross Rental Yield Percent||6.4%||6.93%|