At number 802th in the list of Australian suburbs ordered by increase in median house value over the last year, Urunga, 2455 is in the top 20% with a property value increase of 15.70% recorded in median house prices.
While Urunga,2455 ranked number 371th in NSW for increase in median house value (annualised) increase, it is ranked 745th over the last 5 years.
Property buyers and investors in Urunga 2455 should be seeing an average reduction in asking price of around -5.69% . This means that Urunga is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Urunga the average time real estate has been on the market is 107.5 days.
Urunga, 2455’s gross rental yield is 4.08%
Urunga has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.19% to date .
LACK OF BUYER INTEREST may well be the reason that Urunga is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 247th in terms of most discounted suburbs in NSW
At number 629 in a list of fastest selling suburbs, Urunga is just in the top half of suburbs in Australia with an average of days on market 67.3 for properties listed there.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 4.89%, without taking into account capital value appreciation, which has been averaging out at 4.68%.