Over the last year, property investments in Dungog, 2420 have given investors a capital gain of 22.81%. This compares very favourably with the -2.98% for NSW as a whole.
Over the longer term, Dungog has seen property prices show investors a 15.70% return over the last 3 years. This is an improvement over the last 12 months
Dungog, 2420 is offering NSW ‘s 205th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
A $345 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 3.67%.
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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.