At number 2226th in the list of Australian suburbs ordered by increase in median house value over the last year, Murwillumbah, 2484 is in the BOTTOM 50% with a property value increase of 0.24% recorded in median house prices.
The five-year average increase in median property values for Murwillumbah,2484 has given property investors a potential capital gain of 43.06% across each of those five years.
Our latest figures would indicate that property sellers in Murwillumbah are currently offering property investors an average price cut of -5.97% below the asking price at the moment.
With the median price for a house in Murwillumbah being $515000 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 4.80%
Property investors who have had real estate in Murwillumbah, 2484 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -44.19%
Taking the average capital gain, or increase in median house value, Murwillumbah,2484 has racked up an average of -44.19% over the period. This ranks it number 1559th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $320 mark per week – giving a return of 11.84% based on the median price in Suburb