Based on its average 5-year and quarterly capital gains COROWA, 2646 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that COROWA, 2646 obtained a 1.98% growth over a ten-year period. It ranks 3249th on our list of suburbs that property investors should look into.
COROWA, 2646 in NSW belongs to the local government area of Corowa Shire.
COROWA, 2646 has a capital gain of 13.95% for the past year, which is higher than average compared to its 16.39% growth within a five-year period.
With the median home price in COROWA sitting at $245,000, and the average rent at $245, property owners could potentially earn a 5.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in COROWA are high, as opposed to average gains per annum over the past five years.
Property investors enjoyed capital gains of 9.5% over the last 12 months in COROWA, translating to lower returns compared with its peers in NSW.
COROWA, 2646 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $170,000.
Profits due to an upward trend in home prices in COROWA, 2646 averaged 6.86% per annum over a 3-year period.
Home owners selling their properties and realtors in COROWA usually have to wait an average of 111.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $175 mark, reflecting a 5.35% increase in returns based on the current median price in COROWA.
COROWA, 2646 places 476th in Australia based on median property value growth during the quarter.