Investment property in Jindabyne has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.82%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Jindabyne has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Jindabyne is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 239th in terms of most discounted suburbs in NSW
At number 2849 in a list of fastest selling suburbs, Jindabyne is in the bottom 30% of suburbs in Australia with an average of days on market 108.18 for properties listed there.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 5.81%, without taking into account capital value appreciation, which has been averaging out at 4.48%.
Jindabyne is an average performer in NSW when comparing median price capital growth over the last year. Jindabyne gave property investors a average capital gain figure when compared to the rest of the state, with 3.11%.
The five-year average increase in median property values for Jindabyne,2627 has given property investors a potential capital gain of 7.91% across each of those five years.
Our latest figures would indicate that property sellers in Jindabyne are currently offering property investors an average price cut of -3.54% below the asking price at the moment.
Situated 319.74km from the CBD, Jindabyne is one of Snowy River localities in the postcode 2627.