NSW has seen average median house prices change by 1.68% which means that Moree, 2400 has done well for property investors by showing a capital gain of -12.62% over the last year
A -22.74% growth in median value for property investors in Moree,2400 puts this suburb at number 381th in terms of best performing suburbs in NSW
Property buyers and investors in Moree 2400 should be seeing an average reduction in asking price of around -15.34% . This means that Moree is holding prices well when compared to other suburbs in NSW.
At number 3566 in a list of fastest selling suburbs, Moree is in the bottom 10% of suburbs in Australia with an average of days on market 148.695 for properties listed there.
Moree is 10th on a list of best yielding suburbs for rents in NSW with a 8.50% return
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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.