If you compare the increase in value of investment property in Cobar, 2835 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.50%.
Taking the average capital gain, or increase in median house value, Cobar,2835 has racked up an average of 6.50% over the period. This ranks it number 3790th in the whole country for real estate investors looking at median house price increases.
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 Cobar, 2835. Typically our figures indicate that -10.69% is being offered, which puts this NSW suburb at 285th most discounted overall in Australia.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.55%, without taking into account capital value appreciation, which has been averaging out at 4.49%.