At number 1148th in the list of Australian suburbs ordered by increase in median house value over the last year, Coolamon, 2701 is in the top 30% with a property value increase of 13.27% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coolamon has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coolamon, 2701. Typically our figures indicate that -7.16% is being offered, which puts this NSW suburb at 155th most discounted overall in Australia.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 6.37%.