Property investors who have had real estate in Coonamble, 2829 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 -8.33%
Coonamble,2829 was ranked 4414 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Coonamble are currently offering property investors an average price cut of -7.81% below the asking price at the moment.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Using the current median advertised rental of $200 and the average annual increase in value of a median property of 0.54%, investors should hope to achieve an overall return of 9.45%