If you compare the increase in value of investment property in Numurkah, 3636 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.39%.
Over the longer term, Numurkah has seen property prices show investors a 29.10% return over the last 3 years. This is worse than over the last 12 months
Numurkah3636 is located in VIC which offers an average discount of -6.82% to property investors. Numurkah itself is showing figures that indicate -6.01% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Numurkah being $251750 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 5.27%
Over the last year, property investments in Numurkah, 3636 have given investors a capital gain of 34.92%. This compares very favourably with the 0.10% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Numurkah,3636 has racked up an average of 34.92% over the period. This ranks it number 200th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Numurkah are currently offering property investors an average price cut of -4.36% below the asking price at the moment.
With the median price for a house in Numurkah being $199000 and the advertised rent reaching $190 the gross rental yield for property investors calculates out to be 4.96%
Information supplied by:
Numurkah, VIC – A tight knit community
Median unit price: $175,000
Three-year growth: 9%
Rental yield: 5%
Conveniently located on the Goulburn Valley Highway just north of Shepparton, the suburb of Numurkah was originally the home of the Yorta Yorta people. Grey-headed and little red flying foxes nest in Numurkah and help pollinate the native trees. Many insect-eating microbats also aid in controlling the insect population here.
Various activities throughout the year bring the community together – art shows are held in March, fishing competitions in April, go-kart races in September and car shows in December. Sports are a major focus in the suburb as well, with facilities for lawn tennis, bowls, soccer, swimming and golf.