Kyogle Property Factsheet 2nd Half 2017
The Kyogle property market demonstrates strong results for everyone. Kyogle has experienced solid rural sales and land values are on the rise since 2015, peaking at a rare $725,000 sale in 2017. Increased profitability in the Kyogle farm and rural market is trending towards a sustainable level of growth. With commodity prices increasing, improved seasonal conditions, and low interest rates, there is an expectation for increased economic activity to drive demand in the near future.
Home-owners and investors are not to be left out with affordable housing on offer with a median price of $265,000 and annual growth of 9.1%, which places Kyogle as a sought after market for those entering the property arena for the first time. At this median sale price Kyogle also offers an attractive price point for investors, due to conducive investment environments. With low vacancy rates of 0.8% and stable house rentals at $290 per week (which takes only an average of 25 days to rent), investors can be assured of long-term future returns.