Investment property in Batlow has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.74%
While Batlow,2730 ranked number 451th in NSW for increase in median house value (annualised) increase, it is ranked 1270th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.00% offered to property buyers. Sellers in Batlow itself are offering an average vendor discount of -6.80% to real estate investors.
Information supplied by:
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%.