If you compare the increase in value of investment property in Corowa, 2646 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.92%.
Corowa,2646 has offered an average of -0.92% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -7.73% to buyers in Corowa at the moment, which is less than average for the rest of NSW.
In the last year 110 properties changed hands in Corowa, which puts it as the 237th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of 0.69%, investors should hope to achieve an overall return of 5.56%
NSW has seen average median house prices change by 5.88% which means that Corowa, 2646 has done well for property investors by showing a capital gain of -0.63% over the last year
Corowa,2646 has offered an average of -0.63% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Corowa should be aiming for at least -6.48% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $180 and the average annual increase in value of a median property of -0.23%, investors should hope to achieve an overall return of 5.92%