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Teneriffe
AREA REPORTS

Teneriffe

Teneriffe - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4005

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unit

Figures from the previous quarter show that capital gains for real estate buyers in TENERIFFE are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $887.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $887.5 mark, reflecting a 2.53% increase in returns based on the current median price in TENERIFFE.

TENERIFFE, 4005 ranks 797th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 781st on the list of best yielding suburbs for rental properties in QLD, posting a 2.53% return.

Data report can be found below

Teneriffe
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,825,000 $595,000
GROWTH REPORT
Median Quarterly -5.19% 0.85%
Median 12 month -3.18% 4.85%
Median 3 years -19.34% 0.85%
Median 5 years 23.73% 0.85%
10 years average annual 4.7% 0.83%
Weekly media advert. rent $887.5 $540
Time on Market 75.5 days 73.0 days
Gross Rental Yield Percent 2.53% 4.72%
demographics (median values)
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