Investment property in Mullumbimby has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.46%
If we look at median property appreciation over just the last three months, Mullumbimby has given property investors a paper return of 4.17%. This puts Suburb as 237 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Mullumbimby should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Mullumbimby the average time real estate has been on the market is 98.17 days.
With the median price for a house in Mullumbimby being $612500 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.50%