RBA rate cut won’t help economy
The Reserve Bank of Australia (RBA) reducing official interest rates from their current record lows will provide some relief for mortgage ho...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $172,500.
The downward trend in home prices in COOLAH, 2843 averaged -7.2% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in COOLAH.
An average of 1.33 real estate transactions take place per month in COOLAH which translates to 16 per annum.
16 properties were sold in COOLAH in 2016, making it the 1016th most active market in NSW based on total real estate transactions.
COOLAH, 2843 places 608th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $172,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.47% | N/A |
| Median 12 month | 3.92% | N/A |
| Median 3 years | -21.59% | N/A |
| Median 5 years | -5.35% | N/A |
| 10 years average annual | 4.57% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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