Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
Figures from the previous quarter show that capital gains for real estate buyers in CORINDA are low, as opposed to average gains per annum over the past five years.
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 3.84% increase in returns based on the current median price in CORINDA.
CORINDA, 4075 ranks 596th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 644th on the list of best yielding suburbs for rental properties in QLD, posting a 3.84% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $745,000 | $401,000 |
| GROWTH REPORT | ||
| Median Quarterly | -7.57% | -6.96% |
| Median 12 month | -1.19% | -7.07% |
| Median 3 years | 9.56% | -6.74% |
| Median 5 years | 35.45% | 6.93% |
| 10 years average annual | 3.13% | 0.05% |
| Weekly media advert. rent | $550 | $390 |
| Time on Market | 41.4 days | 92.0 days |
| Gross Rental Yield Percent | 3.84% | 5.06% |
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