Property value increases in Goonellabah have tracked lower than the NSW average of 7.15% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Goonellabah comes in at number 1193th in NSW.
Sellers are offering property buyers an average discount of -4.75% to buyers in Goonellabah at the moment, which is less than average for the rest of NSW.
With the median price for a house in Goonellabah being $356000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.97%
Goonellabah is in the bottom 30% 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 0.19%.
Over the longer term, Goonellabah has seen property prices show investors a 1.63% return over the last 3 years. This is worse than over the last 12 months
Goonellabah2480 is located in NSW which offers an average discount of -4.48% to property investors. Goonellabah itself is showing figures that indicate -3.50% is the average achievable by property buyers investing in the suburb.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 2.20%.