With a capital gain of 19.65% for the last 12 months, Moree, 2400 has performed for property investments than its average annual 6.81% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moree has increased when compared to the 5 year average annual rate.
At number 749th of NSW’s most discounted properties, Moree is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Moree the average time real estate has been on the market is 16.2727 days.
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Housing rental is strong
Median house price: $220,000
Three-year growth: -2.9%
Rental yield: 6.9%
Moree is a huge agricultural hub, largely due to the fact that it holds a big presence in the Australian cotton-growing industry. It’s found right on the banks of the Mehi River.
Around 40.7% of dwellings are occupied by renters, giving you a great chance to get in there with a rental investment property. Moree is considered a steady place to invest, with investment returns slowly increasing according to property reports.
Moree contains a number of heritage-listed sites, as well as a railway station and airport. It also has a lot of facilities for locals as well as tourist attractions, one of the most popular being the artisan hot spring baths which are said to provide a lot of health benefits.