Property investors who have had real estate in Tolland, 2650 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.46%
Over the longer term, Tolland has seen property prices show investors a -3.70% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Tolland should be aiming for at least -5.17% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Tolland the average time real estate has been on the market is 111.321 days.
Property investors should expect to get $290 weekly from the median priced house in this suburb.
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Riverina suburb offers high yields
Median house price: $275,000
Three-year growth: 17.9%
Rental yield: 5.5%
Nestled within Wagga Wagga City in the Riverina region, Tolland is a small but well-serviced suburb. House prices are very low, coming in at a median of only $275,000. In addition, yields are favourable for landlords at 5.5%.
While the suburb has maintained an upward trend for the five years to December 2018, prices slipped by 1.8% in the December 2018 quarter. With the shadow of Sydney’s downturn hanging over the state as a whole, this could herald a turning point for Tolland.
Tolland Shopping Centre contains an IGA supermarket and dining options. The suburb is also home to Mount Austin High School and the Tolland Football Club. The Wagga Wagga CBD is only about 10 minutes’ drive north, and commuters can take the bus from Bruce Street and Berembee Street to reach the city.