Property investors enjoyed capital gains of 4.22% over the last 12 months in SUMNER, translating to lower returns compared with its peers in QLD.
The suburb posted a 9.07% 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 $385 based on current median home prices for the suburb.
On average, rents on listings have reached the $385 mark, reflecting a 4.27% increase in returns based on the current median price in SUMNER.
SUMNER, 4074 ranks 366th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 515th on the list of best yielding suburbs for rental properties in QLD, posting a 4.27% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $469,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.63% | N/A |
| Median 12 month | 4.22% | N/A |
| Median 3 years | 9.07% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 4.86% | N/A |
| Weekly media advert. rent | $385 | N/A |
| Time on Market | 62.7 days | N/A |
| Gross Rental Yield Percent | 4.27% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...