Finley is in the bottom 10% in NSW when comparing median price capital growth over the last year. Finley gave property investors a dismal capital gain figure when compared to the rest of the state, with -27.58%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Finley has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Finley are currently offering property investors an average price cut of -7.45% below the asking price at the moment.
Residents and property investors in Finley have been waiting around 123.207 days to sell a property.
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House prices plummet in service suburb
Median house price: $154,000
Three-year growth: 10.2%
Rental yield: 7.6%
The suburb of Finley is part of the biggest town in the Berrigan Shire LGA. It is a major service centre for the Berriquin Irrigation Area, and exports dairy and agricultural products to Sydney and Melbourne.
The Finley Railway Museum is one of the suburb’s top attractions. The parks are great spots for a picnic and for unwinding, offering views of lakes and lagoons. St Joseph’s School, Finley High School, Finley Public School and a Riverina TAFE campus are established here, with students coming from the suburbs of Berrigan, Tocumwal, Jeriderie and Blighty.
Following a period of growth from 2014-2016, house values dropped significantly by 15% in the February 2018-2019 period.