With a capital gain of -29.36% for the last 12 months, Moree, 2400 has performed for property investments than its average annual -0.52% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Moree,2400 has racked up an average of -29.36% over the period. This ranks it number 3910th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Moree should be aiming for at least -13.10% off the asking price, which is the average vendor discount being achieved at the moment.
Moree, 2400’s gross rental yield is 9.40%
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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.