Coonamble is an average performer in NSW when comparing median price capital growth over the last year. Coonamble gave property investors a average capital gain figure when compared to the rest of the state, with 1.96%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coonamble has increased when compared to the 5 year average annual rate.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.17% offered to property buyers. Sellers in Coonamble itself are offering an average vendor discount of -11.30% to real estate investors.
A $180 per week rent on the median house gives suburb investors a gross yield of circa 7.20%, without taking into account capital value appreciation, which has been averaging out at 6.27%.