At number 46th in the list of Australian suburbs ordered by increase in median house value over the last year, Bourke, 2840 is in the top 10% with a property value increase of 42.86% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bourke has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Bourke is giving property investors an average Vendor Discount of around -12.60%. This puts suburb at number 5th in NSW when ranking the most discounted suburbs.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 14.56%, without taking into account capital value appreciation, which has been averaging out at 8.65%.