At number 650th in the list of Australian suburbs ordered by increase in median house value over the last year, Gulgong, 2852 is in the top 20% with a property value increase of 8.96% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Gulgong,2852 has racked up an average of 8.96% over the period. This ranks it number 1865th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.33% to buyers in Gulgong at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $349 and the average annual increase in value of a median property of 4.92%, investors should hope to achieve an overall return of 5.43%
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Gulgong, NSW – Explore a historic gem
Median house price: $315,000
Three-year growth: 5%
Rental yield: 5%
Established during the gold rush in the 19th century, the Central Tablelands suburb of Gulgong is a must-see for those who love their history.
This artsy pocket has retained its historic structures, ensuring that its nostalgic charm remains. The Prince of Wales Opera House in particular has quite a tale of survival. The Gulgong Pioneer Museum has even recreated old-world life on a ‘street’ on the site.
Other industries in this suburb include the production of wool, wine and wheat. It also has a strong inclination towards the arts, and several quality primary schools.