Property investors who have had real estate in Gulgong, 2852 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.48%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gulgong has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Gulgong itself are offering an average vendor discount of -7.18% to real estate investors.
At number 3640 in a list of fastest selling suburbs, Gulgong is in the bottom 10% of suburbs in Australia with an average of days on market 150.38 for properties listed there.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 1.78%.