Chester Street, Moree

‍323 Chester St, Moree NSW — Investment Property

We acquired 323 Chester St, Moree, at a sharp entry price on one of Moree's longer residential streets, with a clear and focused strategy: complete a targeted renovation to bring the property up to a modern, move-in-ready standard and sell into a market that continues to reward quality stock. Every decision we are making on this renovation is deliberate, upgrading the right things in the right way to maximise buyer appeal without overcapitalising. This is a flip built on discipline: buy well, renovate smart, and bring a finished product to a market where well-presented homes at the median price point are consistently in demand.

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 and consistent, year-round housing demand. For a flip strategy to succeed, the market needs to reward quality and move at a pace that protects margins, and Moree delivers on both. 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, reflecting a market with genuine depth on both the buyer and investor side. Chester Street itself has demonstrated steady capital growth, with comparable homes transacting consistently and the average owner-occupier having lived on the street for over 13 years, a sign of a stable, committed residential community where well-presented stock stands out and sells.

Projected Outcome

Once the renovation is complete, 323 Chester St will be a polished, move-in-ready home positioned squarely at Moree's median market, where buyer demand is active and quality renovated stock continues to transact with confidence. The margin in this project comes from a disciplined acquisition price, controlled renovation costs, and a finish that stands clearly above the standard of unrenovated homes in the area. At Charlie Property, we buy with purpose, renovate with precision, and sell at the right time to deliver strong returns.