Investment property in Gulmarrad has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.38%
Across a shorter period, Gulmarrad, 2463 has seen a median price increase of 4.17% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Gulmarrad is offering property investors an average of -6.18. This rate of discount on properties puts Suburb at number 1028th in terms of most discounted suburbs in NSW
At number 3650 in a list of fastest selling suburbs, Gulmarrad is in the bottom 10% of suburbs in Australia with an average of days on market 142.8 for properties listed there.
Advertised rents are around the $480 mark per week – giving a return of 4.99% based on the median price in Suburb