At number 3210th in the list of Australian suburbs ordered by increase in median house value over the last year, Gunnedah, 2380 is in the BOTTOM 30% with a property value increase of -1.04% recorded in median house prices.
If we look at median property appreciation over just the last three months, Gunnedah has given property investors a paper return of 2.31%. This puts Suburb as 637 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Gunnedah are currently offering property investors an average price cut of -7.77% below the asking price at the moment.
At number 3326 in a list of fastest selling suburbs, Gunnedah is in the bottom 20% of suburbs in Australia with an average of days on market 122.5 for properties listed there.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 5.32%
Investment property in Gunnedah has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.98%
If we look at median property appreciation over just the last three months, Gunnedah has given property investors a paper return of -3.33%. This puts Suburb as 500 on a list of fastest fasting appreciating suburbs in NSW
A $295 per week rent on the median house gives suburb investors a gross yield of circa 6.05%, without taking into account capital value appreciation, which has been averaging out at 2.73%.