With plenty of accommodation in Inverell, it’s no wonder that people love staying in our beautiful part of the country for their holidays or as a stopover on their way north or south. People love it here so much in fact, that some decide to forgo staying in hotels or motels in Inverell and instead they decide to invest in a property of their own.
If you love this area of Australia as much as the locals and you are considering buying your own holiday home or investment property, rather than staying in one of our Inverell hotels, here is the latest on our property market.
Tips on the property market in Inverell
During 2018, Inverell has experienced strong capital growth with high yields, offering investors and even first home buyers the opportunity to make a great investment at prices that are much lower than in the capital cities. With lower prices and less volatility in our market, Inverell is the perfect place to make the change from staying in hotels to owning your very own holiday home or investment property.
On realestate.com.au, Inverell is ranked in the top five suburbs across Australia for its annual growth on properties between $200K to $250K. This is an awesome price for a modern home that you could live in permanently, use as your own holiday home, rent to holiday makers who are looking for Inverell accommodation or to locals in the rental market.
With a medium price of around $245K and a 6.2% annual yield, Inverell is a great investment for the astute buyer or investor. With a solid infrastructure and plans for future growth, good schools for all ages including high school students, a long term and short-term rental market and strong capital growth, swapping your Inverell motel for one of these great opportunities sounds more and more like a brilliant idea!
If you want to buy a modern home for around $250K, something that’s impossible in most capital cities, then you can’t go wrong investigating Inverell. Even better, if you decide to rent your new investment and take advantage of our high capital growth, there are lots of great Inverell hotels and motels that will welcome you with open arms on your next holiday.
On the other hand, if you want to stay in the best Inverell motel for your next trip, call us on 02 6722 2077 or send us an email.