Gilgandra has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.25% to date .
If we look at median property appreciation over just the last three months, Gilgandra has given property investors a paper return of 0.89%. This puts Suburb as 1230 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -6.84% to buyers in Gilgandra at the moment, which is less than average for the rest of NSW.
Situated 338.26km from the CBD, Gilgandra is one of Gilgandra (A) localities in the postcode 2827.
Information supplied by:
Incredible returns in rural suburb
Median house price: $152,750
Three-year growth: -15.1%
Rental yield: 8.2%
Tucked into the Great Western Plains region, Gilgandra is a rural suburb steeped in history – especially the history of iconic “coo-ee” bush call.
Rental returns are off the charts in this suburb at an average of 8.2%. Following a slow period over recent years, house prices rose by 4.3% in the 12 months to January 2019 to bring the median to past the $150,000 mark.
The Coo-ee Heritage Centre is located here, and there are also galleries and museums to visit. There is even an emu farm for animal lovers and families with children. Gilgandra once housed over 300 windmills, earning it the moniker “Town of Windmills.” Today, the windmills can still be spotted along Windmill Walk, which winds along the banks of the Castlereagh River.
Gilgandra sits at the midway point between Brisbane and Melbourne, and is less than an hour away from the Warrumbungle Mountains.