Bourke is an average performer in NSW when comparing median price capital growth over the last year. Bourke gave property investors a average capital gain figure when compared to the rest of the state, with 14.29%.
The five-year average increase in median property values for Bourke,2840 has given property investors a potential capital gain of -6.10% across each of those five years.
Our latest figures would indicate that property sellers in Bourke are currently offering property investors an average price cut of -12.14% below the asking price at the moment.
Often selling an investment property can take time, and in Bourke the average time real estate has been on the market is 202.944 days.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 7.75%, investors should hope to achieve an overall return of 14.04%