Property investors who have had real estate in Finley, 2713 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -23.44%
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.
Property investors looking for a bargain in Finley should be aiming for at least -7.35% 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 Finley the average time real estate has been on the market is 123.613 days.
Finley, 2713’s gross rental yield is 8.87%
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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.