Investment property in Coonamble has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.79%
Coonamble,2829 was ranked 3166 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Coonamble is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in NSW
In the last year 48 properties changed hands in Coonamble, which puts it as the 679th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $200 mark per week – giving a return of 7.56% based on the median price in Suburb