Numurkah has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.63% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Numurkah has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Numurkah is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 154th in terms of most discounted suburbs in VIC
Situated 196.23km from the CBD, Numurkah is one of Moira localities in the postcode 3636.
Investment property in Numurkah 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 -1.25%
Taking the average capital gain, or increase in median house value, Numurkah,3636 has racked up an average of -1.25% over the period. This ranks it number 1465th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $190 mark per week – giving a return of 6.25% based on the median price in Suburb