If you compare the increase in value of investment property in Bourkelands, 2650 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.72%.
The five-year average increase in median property values for Bourkelands,2650 has given property investors a potential capital gain of 14.13% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Bourkelands itself are offering an average vendor discount of -4.12% to real estate investors.
Often selling an investment property can take time, and in Bourkelands the average time real estate has been on the market is 91.2692 days.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 1.57%, investors should hope to achieve an overall return of 5.01%