Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,275,000.
The upward trend in home prices in SANDGATE, 4017 averaged 5.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 2.85% increase in returns based on the current median price in SANDGATE.
An average of 5.5 real estate transactions take place per month in SANDGATE which translates to 66 per annum.
66 properties were sold in SANDGATE in 2016, making it the 166th most active market in QLD based on total real estate transactions.
SANDGATE, 4017 places 689th in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $867,500.
Average median unit prices in QLD have risen as a whole, pulling SANDGATE, 4017 values up and netting property investors a capital gain of 15.28% for the past year.
Investors saw the median home price rise to $867,500.
The upward trend in home prices in SANDGATE, 4017 averaged 17.96% per annum over a 3-year period.
SANDGATE now ranks at the 385th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SANDGATE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In SANDGATE, homes and units usually stay on listing for an average of N/A.
10 properties were sold in SANDGATE in 2016, making it the 420th most active market in QLD based on total real estate transactions.