If you compare the increase in value of investment property in Murwillumbah, 2484 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 15.38%.
Murwillumbah,2484 has offered an average of 15.38% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Murwillumbah, 2484. Typically our figures indicate that -4.09% is being offered, which puts this NSW suburb at 2895th most discounted overall in Australia.
On average over the past year, suburb has had 13.00 sales per month, which equates to 156 per year.
Murwillumbah is in the bottom 20% in NSW when comparing median price capital growth over the last year. Murwillumbah gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.22%.
Over the longer term, Murwillumbah has seen property prices show investors a 62.68% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Murwillumbah itself are offering an average vendor discount of -3.74% to real estate investors.
Advertised rents are around the $340 mark per week – giving a return of 7.65% based on the median price in Suburb