Over the last year, property investments in Cowra, 2794 have given investors a capital gain of 3.46%. This compares favourably with the -2.98% for NSW as a whole.
Across a shorter period, Cowra, 2794 has seen a median price increase of -1.82% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Cowra is offering property investors an average of -7.19. This rate of discount on properties puts Suburb at number 403th in terms of most discounted suburbs in NSW
Advertised rents are around the $270 mark per week – giving a return of 5.22% based on the median price in Suburb
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Low prices coupled with high yield
Median house price: $260,000
Three-year growth: 13.0%
Rental yield: 5.1%
The biggest population centre in the Cowra shire, the suburb of Cowra is known for its historic beauty and food scene.
It is also highly affordable, as houses come in at a median price of just $260,000 as of February 2019, after values went up by 4% over the last 12 months. It offers strong rental returns at an average of 5.1%.
It is the home of the peaceful Japanese Garden, and of the Japanese and Australian war cemeteries as a result of its partnership with Japan. The local heritage walk winds through the best historical spots in the area.
Cowra also houses several vineyards where both residents and visitors can enjoy great local produce and excellent wine. With the wealth of tourists in the area, it has a bustling commercial scene that nevertheless doesn’t take away from its country vibe.