Property investors who have had real estate in Culcairn, 2660 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 -2.70%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Culcairn has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Culcairn are currently offering property investors an average price cut of -10.94% below the asking price at the moment.
Residents and property investors in Culcairn have been waiting around 126.47 days to sell a property.
A $227.5 per week rent on the median house gives suburb investors a gross yield of circa 6.57%, without taking into account capital value appreciation, which has been averaging out at 3.36%.