If you compare the increase in value of investment property in Narromine, 2821 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.74%.
Across a shorter period, Narromine, 2821 has seen a median price increase of -2.15% over the last quarter.
The most recent median price for Narromine is $227500, with sellers offering an average of -7.94% off the asking price.
In the last year 76 properties changed hands in Narromine, which puts it as the 429th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.58%, investors should hope to achieve an overall return of 6.86%