Florence Street, Moree

10 Florence St, Moree NSW — Investment Property

We acquired 10 Florence St, Moree, as a long-term hold opportunity on a generous block in a quiet residential pocket of a town we know well and believe in deeply. The property is a four-bedroom house with clear fundamentals worth investing in: a practical floor plan, solid bones, and a location in one of regional New South Wales' most economically stable country towns. We are currently working through a full renovation, modernising the layout and finishes to deliver a contemporary, move-in-ready home that meets the standard today's tenants expect and that holds its value for years to come. This is a deliberate long-term hold strategy, adding a high-quality renovated asset to our portfolio in a market where well-presented rental stock is consistently in demand and the numbers genuinely support the case for holding.

Why Moree?

Moree's economy is anchored by irrigated agriculture, with cotton production as the headline driver supported by some of the most fertile soils in New South Wales, while agriculture accounts for approximately 27% of local employment. The broader Moree Plains region carries a Gross Regional Product of $966 million, underpinning a stable working population with consistent, year-round housing demand. That demand is directly reflected in the rental market. The median house price currently sits at $335,000 with annual capital growth of 11.67%, rental yields for houses are running at 7.69%, and the median weekly rent sits at $400, figures that make Moree one of the strongest yield markets in regional New South Wales and a compelling case for a buy-and-hold strategy. Florence Street itself is a quiet, predominantly residential street that attracts stable, long-term tenants, exactly what you want when managing a hold asset over time.

Projected Outcome

Once the renovation is complete, 10 Florence St will be a fully updated, modernised four-bedroom residence ready for the rental market. The targeted upgrades we are making today directly support both the weekly rent we can achieve and the equity we are building over time. By holding this improved asset, we are positioning ourselves for superior cash flow and steady capital growth in a market that consistently rewards quality. At Charlie Property, we renovate with purpose and hold with conviction.