Property investors who have had real estate in Corowa, 2646 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.71%
Comparing Corowa,2646 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Corowa are currently offering property investors an average price cut of -6.47% below the asking price at the moment.
In the last year 109 properties changed hands in Corowa, which puts it as the 259th most active market in NSW when comparing the number of sales per suburb.
A $230 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 1.05%.
Investment property in Corowa has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.73%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corowa has fallen somewhat when compared to the 5 year average annual rate.
Corowa2646 is located in NSW which offers an average discount of -4.16% to property investors. Corowa itself is showing figures that indicate -7.22% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Corowa the average time real estate has been on the market is 131.58 days.
Property investors should expect to get $180 weekly from the median priced house in this suburb.