Over the last year, property investments in Dungog, 2420 have given investors a capital gain of 18.75%. This compares very favourably with the -4.21% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Dungog,2420 has racked up an average of 18.75% over the period. This ranks it number 759th in the whole country for real estate investors looking at median house price increases.
At number 527th of NSW’s most discounted properties, Dungog is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Dungog the average time real estate has been on the market is 114.286 days.
Advertised rents are around the $345 mark per week – giving a return of 5.04% based on the median price in Suburb
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With a population of just over 3,000, Dungog is about as country as country towns get. Situated on the Williams River in the upper Hunter Valley, the town is a centre within nearby dairy and timber country.
Although small, the town has many of the amenities of a modern urban centre. It is not short of schools and clinics, and is on the North Coast Railway Line.
While many nearby areas’ property markets have been on the soft side – especially as one starts to get into the Northern Rivers region – Dungog has remained fairly resilient on a number of measures. The town’s 7% rental yields, coupled with 1.63% vacancies should grab the attention of most investors, while at 110, the average number of days that properties are on the market is good for the area and the amount of people who live in or close to Dungog.