Goonellabah has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.12% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Goonellabah comes in at number 1251th in NSW.
Our latest figures would indicate that property sellers in Goonellabah are currently offering property investors an average price cut of -4.43% below the asking price at the moment.
In the last year 284 properties changed hands in Goonellabah, which puts it as the 23th most active market in NSW when comparing the number of sales per suburb.
Goonellabah, 2480’s gross rental yield is 4.99%
Goonellabah is an average performer in NSW when comparing median price capital growth over the last year. Goonellabah gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.60%.
When looking at the potential capital gains offered to property investors over the last 3 years, Goonellabah comes in at number 521th in NSW.
At number 375th of NSW’s most discounted properties, Goonellabah is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $292.5 and the average annual increase in value of a median property of 2.91%, investors should hope to achieve an overall return of 5.37%