Investment property in Gulgong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.28%
Across a shorter period, Gulgong, 2852 has seen a median price increase of 4.62% over the last quarter.
Property investors looking for a bargain in Gulgong should be aiming for at least -4.91% off the asking price, which is the average vendor discount being achieved at the moment.
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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.