Suburb Profile
Coolamon - FREE SUBURB PROFILE REPORT POSTAL CODE: NSW,2701
Property investors have seen a -8.94% 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 $270,000
Profits averaged 5.8% 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 $260 based on current median home prices for the suburb.
The gross rental yield in COOLAMON, 2701 is 5.01%.
An average of 4.58 real estate transactions take place per month in COOLAMON which translates to 55 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $270,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -8.94% | N/A |
| Median 12 month | -6.9% | N/A |
| Median 3 years | 17.39% | N/A |
| Median 5 years | 20% | N/A |
| 10 years average annual | 5.54% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 135.1 days | N/A |
| Gross Rental Yield Percent | 5.01% | N/A |
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great article Cate Bakos!
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