Moree is in the bottom 10% in NSW when comparing median price capital growth over the last year. Moree gave property investors a dismal capital gain figure when compared to the rest of the state, with -21.80%.
When looking at the potential capital gains offered to property investors over the last 3 years, Moree comes in at number 1299th in NSW.
Moree, 2400 is offering NSW ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
At number 3505 in a list of fastest selling suburbs, Moree is in the bottom 10% of suburbs in Australia with an average of days on market 137.731 for properties listed there.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of -0.69%, investors should hope to achieve an overall return of 8.97%
Information supplied by:
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.