Property investors enjoyed capital gains of 32.56% over the last 12 months in TENERIFFE, translating to lower returns compared with its peers in QLD.
The suburb posted a 108.05% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in TENERIFFE.
TENERIFFE, 4005 ranks 10th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 812th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.56%||-10.53%|
|Median 3 years||108.05%||0.25%|
|Median 5 years||N/A||18.69%|
|10 years average annual||27.83%||4.4%|
|Weekly media advert. rent||N/A||$455|
|Time on Market||111.0 days||85.1 days|
|Gross Rental Yield Percent||N/A||4.01%|