NSW has seen average median house prices change by 9.74% which means that Gilgandra, 2827 has done well for property investors by showing a capital gain of -16.11% over the last year
While Gilgandra,2827 ranked number 1403th in NSW for increase in median house value (annualised) increase, it is ranked 1222th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Gilgandra itself are offering an average vendor discount of -10.26% to real estate investors.
At number 3560 in a list of fastest selling suburbs, Gilgandra is in the bottom 10% of suburbs in Australia with an average of days on market 144.95 for properties listed there.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 8.61%, without taking into account capital value appreciation, which has been averaging out at 2.76%.