With a capital gain of 12.14% for the last 12 months, Numurkah, 3636 has performed for property investments than its average annual 4.53% property growth over the last 5 years.
Comparing Numurkah,3636 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Numurkah is giving property investors an average Vendor Discount of around -6.19%. This puts suburb at number 362th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $13520 per annum or $260 every week.
Numurkah is in the TOP 10% in VIC when comparing median price capital growth over the last year. Numurkah gave property investors a very good capital gain figure when compared to the rest of the state, with 21.67%.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Numurkah, 3636. Typically our figures indicate that -7.01% is being offered, which puts this VIC suburb at 405th most discounted overall in Australia.
Using the current median advertised rental of $180 and the average annual increase in value of a median property of 1.85%, investors should hope to achieve an overall return of 5.13%
Information supplied by:
Numurkah, VIC – A tight knit community
Median unit price: $175,000
Three-year growth: 9%
Rental yield: 5%
Conveniently located on the Goulburn Valley Highway just north of Shepparton, the suburb of Numurkah was originally the home of the Yorta Yorta people. Grey-headed and little red flying foxes nest in Numurkah and help pollinate the native trees. Many insect-eating microbats also aid in controlling the insect population here.
Various activities throughout the year bring the community together – art shows are held in March, fishing competitions in April, go-kart races in September and car shows in December. Sports are a major focus in the suburb as well, with facilities for lawn tennis, bowls, soccer, swimming and golf.