If you compare the increase in value of investment property in Coober Pedy, 5723 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -4.41%.
Over the longer term, Coober Pedy has seen property prices show investors a -37.50% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Coober Pedy are currently offering property investors an average price cut of -17.63% below the asking price at the moment.
Often selling an investment property can take time, and in Coober Pedy the average time real estate has been on the market is 186.5 days.
With the median price for a house in Coober Pedy being $65000 and the advertised rent reaching $170 the gross rental yield for property investors calculates out to be 13.60%