If you compare the increase in value of investment property in Gilgandra, 2827 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 -1.39%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gilgandra has increased when compared to the 5 year average annual rate.
Property buyers and investors in Gilgandra 2827 should be seeing an average reduction in asking price of around -8.84% . This means that Gilgandra is holding prices well when compared to other suburbs in NSW.
At number 3518 in a list of fastest selling suburbs, Gilgandra is in the bottom 10% of suburbs in Australia with an average of days on market 141.5 for properties listed there.
Using the current median advertised rental of $245 and the average annual increase in value of a median property of 5.51%, investors should hope to achieve an overall return of 7.18%