If you compare the increase in value of investment property in Coonamble, 2829 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.36%.
Across a shorter period, Coonamble, 2829 has seen a median price increase of -1.85% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coonamble, 2829. Typically our figures indicate that -10.92% is being offered, which puts this NSW suburb at 217th most discounted overall in Australia.
A $180 per week rent on the median house gives suburb investors a gross yield of circa 7.06%, without taking into account capital value appreciation, which has been averaging out at 7.59%.