At number 2263th in the list of Australian suburbs ordered by increase in median house value over the last year, Casino, 2470 is in the BOTTOM 50% with a property value increase of 3.10% recorded in median house prices.
While Casino,2470 ranked number 772th in NSW for increase in median house value (annualised) increase, it is ranked 1208th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Casino, 2470. Typically our figures indicate that -7.53% is being offered, which puts this NSW suburb at 985th most discounted overall in Australia.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 1.71%, investors should hope to achieve an overall return of 6.49%
If you compare the increase in value of investment property in Casino, 2470 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -14.29%.
A -40.00% growth in median value for property investors in Casino,2470 puts this suburb at number 109th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Casino should be aiming for at least -7.67% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Casino, 2470 is in the Richmond Valley local government area.