Mulwala has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.47% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mulwala has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Mulwala itself are offering an average vendor discount of -6.37% to real estate investors.
Residents and property investors in Mulwala have been waiting around 192.09 days to sell a property.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
Property investors who have had real estate in Mulwala, 2647 should be relatively 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 -2.39%
Mulwala,2647 has offered an average of -2.39% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Mulwala is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 3rd in terms of most discounted suburbs in NSW
A $245 per week rent on the median house gives suburb investors a gross yield of circa 5.93%, without taking into account capital value appreciation, which has been averaging out at -1.06%.