What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Homeowners and real estate investors betting on COBAR, 2835 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 12.36%.
Property investors in COBAR enjoyed capital gains of 12.36% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $200,000.
Profits due to an upward trend in home prices there averaged 4.76% per annum over a 3-year period.
Home owners selling their properties and realtors in COBAR usually have to wait an average of 73.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $280 mark, reflecting a 7.28% increase in returns based on the current median price in COBAR.
COBAR, 2835 places 262nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $200,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.56% | N/A |
| Median 12 month | 12.36% | N/A |
| Median 3 years | 14.29% | N/A |
| Median 5 years | -10.63% | N/A |
| 10 years average annual | 1.79% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 73.8 days | N/A |
| Gross Rental Yield Percent | 7.28% | N/A |
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