Residential Investment

INVERELL PROPERTY MARKET ANALYSIS

Now is the ideal time to invest in the Inverell property market with strong capital growth and yield present across many residential properties. As the envy of its regional counterparts, Inverell’s market offers investors and first home buyers an opportunity to secure their financial futures without relying upon a volatile and risky property market present in Australia’s capital cities. Australia’s leading real estate website, realestate.com, ranks Inverell within the top 5 performing suburbs in the country for annual growth on properties listed between $200,000 and $250,000. This is fantastic news for investors with a median residential property price of $245,000 yielding 6.2% per annum. These above average results offer a far better return on investment than traditional low-risk investments and are ideal for self-managed super funds or the smart investor seeking profitability and security at a minimal cost. With blossoming infrastructure, sound rental demand and strong capital growth, there has never been a better time to buy or build in Inverell.  

Fast Facts for the Smart Investor*:

  • A median two bedroom house can expect to increase in value by 7.9% per annum and draw a rental yield of 6.3%.
  • The estimated monthly cash flow for a mortgaged 3 bedroom house is $439 per month. Based on median figures, you can expect the same property to increase in value by over $40,000 in 5 years.
  • Compared to the same period 5 years ago, 4 bedroom homes have increased in value by 19.9%.
  • Inverell’s population has increased by over 4% in the last 5 years**. This coupled with the fact that nearly 14% of the population is aged 10-19 years old suggests that demand for rental properties will remain strong and new entrants to the property market will drive up capital growth.
  • Inverell has secured $30 million from the NSW State Government for the redevelopment of its hospital into a world-class facility.

What People in the Know are Saying:

  • Eli Greenblat – Senior Business Reporter, The Australian – 31 May 2017

In regional areas, spending was fastest in NSW (4.4 per cent) and Victoria (4.1 per cent), with Walgett NSW (28.7 per cent), Yarriambiack, Victoria (21.0 per cent), Gannawarra in Victoria (20 per cent) and Inverell in NSW (19.9 per cent) the fastest growing regions in the country.

  • Margaret Lomas – Chief Executive of Destiny, and Property Investor

Look for a big kicker: something big that’s going to occur in the area, which will guarantee growth. This could be an airport under construction or a new hospital. When there’s infrastructure plans in place, it is a positive sign that population growth and price increases are going to continue.

  • Adam Marshall – Member for Northern Tablelands – 23 June 2017

“For a decade, Inverell has been demanding a new hospital that recognises their enviable position as fastest growing town in the region. Now they’ve got it.”

“This will be the pinnacle for healthcare in the region and greatly improve the delivery of health services for locals. It will mean that those close to Inverell won’t find themselves having to travel for essential services….it will help the rapidly growing town of Inverell attract the specialist doctors”


* Data is based on median figures presented by ‘realestate.com’. Forecasts are made on the basis that these figures remain the same indefinitely, to which no guarantee is provided. Potential investors should seek advice from their financial advisors before committing to the purchase of property in the Inverell Shire. Council is not accountable for these figures and accepts no responsibility for purchases based on this data. Data current on realestate.com as of 22 June 2017.     

** Population figures are based on data presented by the Australian Bureau of Statistics from 2011-2015. Council accepts no responsibility for the accuracy of these figures.


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