Investment property in Bourke has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -25.23%
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.
Our latest figures would indicate that property sellers in Bourke are currently offering property investors an average price cut of -14.48% below the asking price at the moment.
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
Bourke is 2nd on a list of best yielding suburbs for rents in NSW with a 13.52% return