Cobar

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 13.55%.

A steady increase in median property prices over a five-year period in the suburb translates to a 2.33% capital gain.

Property investors in COBAR enjoyed capital gains of 13.55% 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 $220,000.

Profits due to an upward trend in home prices there averaged 0.78% per annum over a 3-year period.

Home owners selling their properties and realtors in COBAR usually have to wait an average of 113.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $300 mark, reflecting a 7.09% increase in returns based on the current median price in COBAR.

COBAR, 2835 places 393rd in Australia based on median property value growth during the quarter.