Property investors enjoyed capital gains of 10.22% over the last 12 months in ASHGROVE, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in ASHGROVE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 21.52% 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 $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 2.98% increase in returns based on the current median price in ASHGROVE.
ASHGROVE, 4060 ranks 148th 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 2.98% return.
Property investors have seen a 1.15% gain in ASHGROVE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ASHGROVE, 4060 saw average growth in the long term.
ASHGROVE, 4060 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 $440,000.
Profits due to an downward trend in home prices in ASHGROVE, 4060 averaged -4.32% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in ASHGROVE, 4060 is 5.08%.
An average of 4.08 real estate transactions take place per month in ASHGROVE which translates to 49 per annum.
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