Moss Vale has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.71% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Moss Vale comes in at number 499th in NSW.
The most recent median price for Moss Vale is $660000, with sellers offering an average of -7.74% off the asking price.
Moss Vale is 534th on a list of best yielding suburbs for rents in NSW with a 3.78% return
At number 758th in the list of Australian suburbs ordered by increase in median house value over the last year, Moss Vale, 2577 is in the top half with a property value increase of -0.10% recorded in median house prices.
Over the longer term, Moss Vale has seen property prices show investors a 7.91% return over the last 3 years. This is worse than over the last 12 months
Property investors should expect to get $380 weekly from the median priced house in this suburb.
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Moss Vale’s tranquil setting in NSW’s Southern Highlands is becoming increasingly popular with treechangers – making it a good spot to look at picking up an investment property.
Some 110km south of Sydney, it offers an affordable alternative to Sydney and Canberra’s soaring house rents. The town is well connected by road and rail to the two major metropolitan centres and is a short drive from Bowral – the commercial heart of the Southern Highlands.
Many light and medium industries are found in and around the town, which also serves as a minor centre for agriculture. Shops and cafes are plentiful around the Illawarra Highway and the town is also well served for other amenities including primary and high schools.
“Its fairly popular with people from Sydney and many often work in the city only two or three days a week, so living in Moss Vale is an attractive option,” says Hindmarsh & Walsh director Frank Walsh.
He adds that the town has a good rental market. “There’s a strong demand for rentals and vacant properties don’t last long. It’s also a good entry environment into the Southern Highlands market – Moss Vale prices make it a good alternative to Bowral where houses are more expensive.”
SQM Research forecasts the town’s population of 7,339 will grow at an annual 2% for at least the next five years – fuelled by buyers seeking affordable properties and rural lifestyles within reach of major cities.