Corowa has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.53% to date .
A 8.85% growth in median value for property investors in Corowa,2646 puts this suburb at number 1226th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Corowa are currently offering property investors an average price cut of -7.49% below the asking price at the moment.
A $235 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 0.87%.
If you compare the increase in value of investment property in Corowa, 2646 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.58%.
Over the longer term, Corowa has seen property prices show investors a 2.18% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Corowa are currently offering property investors an average price cut of -6.67% below the asking price at the moment.
Often selling an investment property can take time, and in Corowa the average time real estate has been on the market is 121.41 days.