NSW has seen average median house prices change by 8.99% which means that Kooringal, 2650 has done well for property investors by showing a capital gain of 1.37% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kooringal has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Kooringal are currently offering property investors an average price cut of -5.94% below the asking price at the moment.
At number 2509 in a list of fastest selling suburbs, Kooringal is in the bottom 40% of suburbs in Australia with an average of days on market 95.84 for properties listed there.
The NSW suburb of Kooringal, 2650 is in the Wagga Wagga local government area.
Property value increases in Kooringal have tracked just higher than the NSW average of 8.14% over the last 12 months.
Comparing Kooringal,2650 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
With the median price for a house in Kooringal being $228750 and the advertised rent reaching $245 the gross rental yield for property investors calculates out to be 5.57%