Coonamble has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Coonamble comes in at number 626th 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 Coonamble itself are offering an average vendor discount of -7.31% to real estate investors.
In the last year 48 properties changed hands in Coonamble, which puts it as the 733th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Coonamble being $117500 and the advertised rent reaching $200 the gross rental yield for property investors calculates out to be 8.85%