Property value increases in Inverell have tracked lower than the NSW average of 9.05% over the last 12 months.
The five-year average increase in median property values for Inverell,2360 has given property investors a potential capital gain of 15.24% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Inverell itself are offering an average vendor discount of -7.71% to real estate investors.
Often selling an investment property can take time, and in Inverell the average time real estate has been on the market is 147.17 days.
With the median price for a house in Inverell being $242000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 6.02%
NSW has seen average median house prices change by 6.22% which means that Inverell, 2360 has done well for property investors by showing a capital gain of -1.15% over the last year
In the last year 10 properties changed hands in Inverell, which puts it as the 588th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $255 mark per week – giving a return of 6.17% based on the median price in Suburb