DURACK, 4077 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 $422,500.
Profits due to an upward trend in home prices in the suburb averaged 4.73% per annum over a 3-year period.
DURACK now ranks at the 292nd 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 DURACK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $370 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DURACK, homes and units usually stay on listing for an average of 64.3 days.
In 2016, 90 properties were sold in DURACK during the past year, making it the 37th most active market in QLD based on total real estate transactions.
DURACK ranks 232nd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
DURACK, 4077 has a capital gain of -1.27% for the past year, which is lower than average compared to its -0.71% growth within a five-year period.
With the median home price in DURACK sitting at $349,500, and the average rent at $355, property owners could potentially earn a 5.28% increase in gross rental yield.
Property investors have seen a -0.71% drop in DURACK based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that DURACK, 4077 obtained a -1.43% decrease over a ten-year period. It ranks 1694th on our list of suburbs that property investors should look into.