Gunnedah has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.47% to date .
While Gunnedah,2380 ranked number 499th in NSW for increase in median house value (annualised) increase, it is ranked 1243th over the last 5 years.
Vendor discounting in Gunnedah is giving property investors an average Vendor Discount of around -5.87%. This puts suburb at number 505th in NSW when ranking the most discounted suburbs.
In the last year 247 properties changed hands in Gunnedah, which puts it as the 53th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $360 mark per week – giving a return of 5.59% based on the median price in Suburb
Gunnedah is in the TOP 20% in NSW when comparing median price capital growth over the last year. Gunnedah gave property investors a very good capital gain figure when compared to the rest of the state, with 8.60%.
Gunnedah,2380 has offered an average of 8.60% return per annum in house price rises to property investors over the last three years.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 4.82%, without taking into account capital value appreciation, which has been averaging out at 4.03%.