Giving property investors a a solid capital gain of 25.21% for the last year, Nimbin, 2480 is the 136th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nimbin has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Nimbin are currently offering property investors an average price cut of -5.07% below the asking price at the moment.
Often selling an investment property can take time, and in Nimbin the average time real estate has been on the market is 127.9 days.
Advertised rents are around the $320 mark per week – giving a return of 4.56% based on the median price in Suburb