NSW has seen average median house prices change by 11.67% which means that Narrabri, 2390 has done well for property investors by showing a capital gain of -2.94% over the last year
If we look at median property appreciation over just the last three months, Narrabri has given property investors a paper return of -4.35%. This puts Suburb as 1290 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Narrabri should be aiming for at least -10.70% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 5.52%