SANDGATE, 4017 ranks 1567th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.41% for property investors.
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 $1,330,000.
The upward trend in home prices in SANDGATE, 4017 averaged 10.13% per annum over a 3-year period.
Average weekly rents on listings have reached the $725 mark, reflecting a 2.83% increase in returns based on the current median price in SANDGATE.
An average of 5.67 real estate transactions take place per month in SANDGATE which translates to 68 per annum.
68 properties were sold in SANDGATE in 2016, making it the 146th most active market in QLD based on total real estate transactions.
SANDGATE, 4017 places 613th 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 $953,500.
Average median unit prices in QLD have risen as a whole, pulling SANDGATE, 4017 values up and netting property investors a capital gain of 21.85% for the past year.
Investors saw the median home price rise to $953,500.
The upward trend in home prices in SANDGATE, 4017 averaged 0% per annum over a 3-year period.
SANDGATE now ranks at the 322nd 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 high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $495 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.
18 properties were sold in SANDGATE in 2016, making it the 292nd most active market in QLD based on total real estate transactions.