If you compare the increase in value of investment property in Finley, 2713 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -26.17%.
While Finley,2713 ranked number 1187th in NSW for increase in median house value (annualised) increase, it is ranked 1188th over the last 5 years.
Property buyers and investors in Finley 2713 should be seeing an average reduction in asking price of around -6.49% . This means that Finley is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $220 mark per week – giving a return of 8.03% based on the median price in Suburb
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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.