Property value increases in Casino have tracked close to the NSW average of 8.26% over the last 12 months.
Over the longer term, Casino has seen property prices show investors a 9.55% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Casino is giving property investors an average Vendor Discount of around -7.26%. This puts suburb at number 208th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Casino the average time real estate has been on the market is 125.81 days.
Situated 579.48km from the CBD, Casino is one of Richmond Valley localities in the postcode 2470.
Property investors who have had real estate in Casino, 2470 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.06%
The five-year average increase in median property values for Casino,2470 has given property investors a potential capital gain of -37.35% across each of those five years.
Property buyers and investors in Casino 2470 should be seeing an average reduction in asking price of around -4.58% . This means that Casino is holding prices well when compared to other suburbs in NSW.
At number 1479 in a list of fastest selling suburbs, Casino is in the bottom 10% of suburbs in Australia with an average of days on market 162.2 for properties listed there.
With the median price for a house in Casino being $153500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 7.79%