With a capital gain of 7.06% for the last 12 months, Cowra, 2794 has performed for property investments than its average annual 5.32% property growth over the last 5 years.
While Cowra,2794 ranked number 350th in NSW for increase in median house value (annualised) increase, it is ranked 535th over the last 5 years.
Property buyers and investors in Cowra 2794 should be seeing an average reduction in asking price of around -7.10% . This means that Cowra is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Cowra the average time real estate has been on the market is 100 days.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 4.95%
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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.