Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors enjoyed capital gains of 41.18% over the last 12 months in GORDON PARK, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in GORDON PARK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 37.93% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $592.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $592.5 mark, reflecting a 2.57% increase in returns based on the current median price in GORDON PARK.
GORDON PARK, 4031 ranks 81st in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 705th on the list of best yielding suburbs for rental properties in QLD, posting a 2.57% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||41.18%||17.85%|
|Median 3 years||37.93%||30.46%|
|Median 5 years||62.16%||21.94%|
|10 years average annual||7.94%||1.71%|
|Weekly media advert. rent||$592.5||$360|
|Time on Market||35.5 days||28.4 days|
|Gross Rental Yield Percent||2.57%||4.26%|