With a capital gain of -26.53% for the last 12 months, Moree, 2400 has performed for property investments than its average annual 1.41% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Moree comes in at number 1287th in NSW.
Our latest figures would indicate that property sellers in Moree are currently offering property investors an average price cut of -12.98% below the asking price at the moment.
Residents and property investors in Moree have been waiting around 130.568 days to sell a property.
Renters in Suburb are facing rents around $15600 per annum or $300 every week.
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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.