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 $675,000.
The upward trend in home prices in MCDOWALL, 4053 averaged 4.2% per annum over a 3-year period.
Average weekly rents on listings have reached the $505 mark, reflecting a 3.89% increase in returns based on the current median price in MCDOWALL.
An average of 7.42 real estate transactions take place per month in MCDOWALL which translates to 89 per annum.
89 properties were sold in MCDOWALL in 2016, making it the 35th most active market in QLD based on total real estate transactions.
MCDOWALL, 4053 places 181st in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $385,000.
Investors saw the median home price rise to $385,000.
The downward trend in home prices in MCDOWALL, 4053 averaged -1.25% per annum over a 3-year period.
MCDOWALL now ranks at the 280th 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 MCDOWALL are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $385 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 MCDOWALL, homes and units usually stay on listing for an average of 74.2 days.
25 properties were sold in MCDOWALL in 2016, making it the 208th most active market in QLD based on total real estate transactions.
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