If you compare the increase in value of investment property in Batlow, 2730 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.84%.
When looking at the potential capital gains offered to property investors over the last 3 years, Batlow comes in at number 582th in NSW.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Batlow itself are offering an average vendor discount of -8.72% to real estate investors.
Renters in Suburb are facing rents around $14040 per annum or $270 every week.
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Agricultural suburb boasts low prices
Median house price: $160,000
Three-year growth: 14.3%
Rental yield: 7.0%
If you love fruits, Batlow is the place to be in the Tumut region of NSW. It is particularly known for its beautiful apples, which are shipped across Australia and around the world. In fact, Batlow houses one of the country’s iconic “big things”, the Big Apple, and the suburb’s tagline is “Famous for Apples.”
Cherries and stone fruit are also grown in abundance here, and the suburb certainly celebrates this food heritage through its local festivals, such as the Batlow CiderFest and the Batlow Apple Blossom Festival. Being a part of the Snowy Balleys Way tour route does not hurt either!
Batlow is one of the most affordable suburbs in NSW, with house prices coming in at a median of just $160,000. Meanwhile, the average rental yield is very high at a whopping 7%.