The policies impacting property in the NSW state election
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
Property investors have seen a -2.96% drop in COOLAMON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COOLAMON, 2701 saw average growth in the long term.
The NSW suburb also 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 $262,000
Profits averaged 2.1% per annum over a 3-year period, due to an upward trend in home prices in COOLAMON, 2701.
This means, real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
The gross rental yield in COOLAMON, 2701 is 5.76%.
An average of 3.75 real estate transactions take place per month in COOLAMON which translates to 45 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $262,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.96% | N/A |
| Median 12 month | -9.66% | N/A |
| Median 3 years | 6.29% | N/A |
| Median 5 years | 11.49% | N/A |
| 10 years average annual | 5.07% | N/A |
| Weekly media advert. rent | $290 | N/A |
| Time on Market | 99.8 days | N/A |
| Gross Rental Yield Percent | 5.76% | N/A |
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