Regional town remains resilient despite COVID-19
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Property investors have seen a 0.53% gain in COOLAMON based on an increase 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 $286,500
Profits averaged 1.46% 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 $280 based on current median home prices for the suburb.
The gross rental yield in COOLAMON, 2701 is 5.08%.
An average of 3.42 real estate transactions take place per month in COOLAMON which translates to 41 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $286,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.53% | N/A |
| Median 12 month | -1.21% | N/A |
| Median 3 years | 4.37% | N/A |
| Median 5 years | 36.43% | N/A |
| 10 years average annual | 4.89% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 125.1 days | N/A |
| Gross Rental Yield Percent | 5.08% | N/A |
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