NSW has seen average median house prices change by 12.10% which means that Gilgandra, 2827 has done well for property investors by showing a capital gain of -2.32% over the last year
A -8.92% growth in median value for property investors in Gilgandra,2827 puts this suburb at number 644th in terms of best performing suburbs in NSW
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.65% offered to property buyers. Sellers in Gilgandra itself are offering an average vendor discount of -7.71% to real estate investors.
Gilgandra, 2827’s gross rental yield is 7.56%
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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.