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Inverell, NSW 2360

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Inverell, NSW 2360 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Inverell, NSW 2360”

  1. The total adult population (15 years or older) of Inverell 2360 NSW is 9,700, with a median age of 41. Of those, 43.81% are married, 13.48% are divorced or separated, 35.15% are single and 7.54% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,968. The median monthly mortgage repayment for households in this suburb is $1,250 which is 20.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Inverell 2360, a NSW suburb, features a mix of property market trends in Q3 2023 whilst housing approximately 6312 households. The typical price range for houses is recorded at $427,848 alongside a median weekly rent of $351 which equates to an indicative yield of 4.27%, surpassing the minimum 3% market requirement for property investors seeking steady cash flow.

    The suburb’s sociodemographic standpoint is signified by its IRSAD score of 896 out of 1217, signifying a fair socio-economic status. However, higher scores would infer a more affluent population. The renter-to-owner ratio is maintained at 32%, suggesting a balanced market without an oversupply of rentals.

    There’s also a significant lean towards houses in the suburb, with a units-to-houses ratio of just 3%. This represents a favourable investment environment with less competition amongst rental property owners and potential for longer tenancy periods.

    Affordability is within ideal bounds for the residents of Inverell with the affordability index for houses calculated at 28 years. This is within the favourable range and indicates that purchasing a property in this area is within reach for most families.

    Supply metrics showcase a favourable market with stock on the market percentage for houses remarkably low at 0.24%. This indicates a low supply of houses against demand. Additionally, inventory levels for houses are at favourable lows of 0.82 months, indicating a rapid absorption of new listings.

    The Building Approval Ratio is at a comfortable 0.48%, which suggests a stable market without a surplus of new dwellings. The Days on Market, however, lean slightly towards unfavourable with houses taking 100 days to sell on average, indicating a slow-paced market.

    The Vacancy Rate, combining both houses and units, is extremely low at 0.98%, indicating high demand with limited supply, hence working in favour of landlords and property investors. However, the buy search index for houses stands at 3, which could be slightly improved to attract more potential buyers.

    While some of the indicators for Inverell are mixed, the suburb’s high yield and low supply metrics make it a suburb worthy of consideration for cashflow-focused property investors. As always, investing in real estate requires diligent market tracking and a keen understanding of varied market trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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