Inverell, 2360 ranked 1278th in NSW when comparing growth in median property values or capital gain over the last 12 months. Inverell is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Inverell comes in at number 1226th in NSW.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Inverell itself are offering an average vendor discount of -7.40% 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 144.17 days.
With the median price for a house in Inverell being $245000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.16%
NSW has seen average median house prices change by 6.96% which means that Inverell, 2360 has done well for property investors by showing a capital gain of 16.22% over the last year
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 3.79%, investors should hope to achieve an overall return of 6.05%