Property value increases in Coonamble have tracked lower than the NSW average of 9.74% over the last 12 months.
The five-year average increase in median property values for Coonamble,2829 has given property investors a potential capital gain of 27.10% across each of those five 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 Coonamble itself are offering an average vendor discount of -10.44% to real estate investors.
Using the current median advertised rental of $180 and the average annual increase in value of a median property of 7.11%, investors should hope to achieve an overall return of 6.88%