Property investors who have had real estate in Gilgandra, 2827 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -15.77%
Gilgandra,2827 has offered an average of -15.77% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Gilgandra are currently offering property investors an average price cut of -10.19% below the asking price at the moment.
In the last year 45 properties changed hands in Gilgandra, which puts it as the 720th most active market in NSW when comparing the number of sales per suburb.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 8.35%, without taking into account capital value appreciation, which has been averaging out at 3.43%.