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 14.16%.
Numurkah,3636 was ranked 2090 in Australia by increase in median property value over the quarter.
Property buyers and investors in Numurkah 3636 should be seeing an average reduction in asking price of around -6.34% . This means that Numurkah is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Numurkah, 3636 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 20.00%.
Numurkah3636 is located in VIC which offers an average discount of -6.33% to property investors. Numurkah itself is showing figures that indicate -7.27% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Numurkah the average time real estate has been on the market is 124.5 days.
A $180 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 0.74%.
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.