Over the last year, property investments in Goonellabah, 2480 have given investors a capital gain of 4.84%. This compares badly with the 10.13% for NSW as a whole.
The five-year average increase in median property values for Goonellabah,2480 has given property investors a potential capital gain of 7.01% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Goonellabah itself are offering an average vendor discount of -4.48% to real estate investors.
In the last year 258 properties changed hands in Goonellabah, which puts it as the 27th most active market in NSW when comparing the number of sales per suburb.
Goonellabah is 194th on a list of best yielding suburbs for rents in NSW with a 4.87% return
At number 889th in the list of Australian suburbs ordered by increase in median house value over the last year, Goonellabah, 2480 is in the BOTTOM 50% with a property value increase of 3.17% recorded in median house prices.
While Goonellabah,2480 ranked number 121th in NSW for increase in median house value (annualised) increase, it is ranked 472th over the last 5 years.
Our latest figures would indicate that property sellers in Goonellabah are currently offering property investors an average price cut of -2.89% below the asking price at the moment.
At number 866 in a list of fastest selling suburbs, Goonellabah is just in the bottom half of suburbs in Australia with an average of days on market 82.4 for properties listed there.
A $285 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 2.69%.