Glen Innes has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.51% to date .
Over the longer term, Glen Innes has seen property prices show investors a 7.16% return over the last 3 years. This is worse than 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 -5.35% offered to property buyers. Sellers in Glen Innes itself are offering an average vendor discount of -8.12% to real estate investors.
On average over the past year, suburb has had 9.17 sales per month, which equates to 110 per year.
Property investors should expect to get $240 weekly from the median priced house in this suburb.