Property investors who have had real estate in Gunnedah, 2380 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 -5.56%
While Gunnedah,2380 ranked number 1206th in NSW for increase in median house value (annualised) increase, it is ranked 1125th over the last 5 years.
The most recent median price for Gunnedah is $322500, with sellers offering an average of -6.48% off the asking price.
In the last year 200 properties changed hands in Gunnedah, which puts it as the 35th most active market in NSW when comparing the number of sales per suburb.
At number 390th in the list of Australian suburbs ordered by increase in median house value over the last year, Gunnedah, 2380 is in the top 30% with a property value increase of 10.44% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Gunnedah,2380 has racked up an average of 10.44% over the period. This ranks it number 755th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Gunnedah is offering property investors an average of -4.96. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Gunnedah the average time real estate has been on the market is 167.38 days.