Tycannah Street, Moree

32 Tycannah St, Moree NSW — Investment Property

We acquired 32 Tycannah St, Moree, with a straightforward and deliberate plan: renovate the property to a high modern standard and hold it as a long-term rental asset. The home sits on a generous 758sqm block on one of Moree's longer established residential streets, and it came to us with clear potential waiting to be unlocked through targeted, purposeful upgrades. We are currently working through the renovation, modernising the layout and finishes to deliver a contemporary, move-in-ready home that commands a premium in the local rental market. This is a hold strategy built around quality, and every decision we make on this property reflects that.

Why Moree?

Moree is a town built on genuine economic foundations. Its 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. The property market reflects that stability directly. The median house price currently sits at $335,000 with annual capital growth of 11.67%, and rental yields for houses are running at 7.69% with a median weekly rent of $400, figures that make Moree one of the strongest yield markets in regional New South Wales. Tycannah Street itself has demonstrated strong growth, with comparable homes recording annual capital growth of nearly 30% over a recent holding period, a clear signal of a street where well-maintained stock is valued and rewarded.

Projected Outcome

Once the renovation is complete, 32 Tycannah St will be a modernised, high-quality residence that stands out clearly in the Moree rental market. The upgrades we are delivering 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 continues to reward quality. At Charlie Property, we renovate with purpose and hold with conviction.