Property value increases in Quirindi have tracked higher than the NSW average of 7.28% over the last 12 months.
Over the longer term, Quirindi has seen property prices show investors a 8.71% return over the last 3 years. This is an improvement over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Quirindi itself are offering an average vendor discount of -6.32% to real estate investors.
In the last year 39 properties changed hands in Quirindi, which puts it as the 814th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 7.01%, investors should hope to achieve an overall return of 5.34%