RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Property investors enjoyed capital gains of 47.06% over the last 12 months in COONAMBLE, 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 6.3% growth over a ten-year period. It ranks 835th on our list of suburbs that property investors should look into.
COONAMBLE, 2829 has a capital gain of 47.06% for the past year, which is higher than average compared to its 0.81% growth within a five-year period.
With the median home price in COONAMBLE sitting at $125,000, and the average rent at $200, property owners could potentially earn a 8.32% increase in gross rental yield.
A 47.06% increase in median property prices in COONAMBLE, 2829 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 2nd.
Figures from the previous quarter show that capital gains for real estate buyers in COONAMBLE are high, as opposed to average gains per annum over the past five years.
COONAMBLE, 2829 in NSW belongs to the local government area of Coonamble (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $125,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 31.58% | N/A |
| Median 12 month | 47.06% | N/A |
| Median 3 years | -8.09% | N/A |
| Median 5 years | 0.81% | N/A |
| 10 years average annual | 6.3% | N/A |
| Weekly media advert. rent | $200 | N/A |
| Time on Market | 98.8 days | N/A |
| Gross Rental Yield Percent | 8.32% | N/A |
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