Moruya is in the bottom 30% in NSW when comparing median price capital growth over the last year. Moruya gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.55%.
While Moruya,2537 ranked number 828th in NSW for increase in median house value (annualised) increase, it is ranked 1045th over the last 5 years.
Our latest figures would indicate that property sellers in Moruya are currently offering property investors an average price cut of -6.71% below the asking price at the moment.
Often selling an investment property can take time, and in Moruya the average time real estate has been on the market is 131.75 days.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.12%, without taking into account capital value appreciation, which has been averaging out at 3.23%.