How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Figures from the previous quarter show that capital gains for real estate buyers in EIGHT MILE PLAINS 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 $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 3.48% increase in returns based on the current median price in EIGHT MILE PLAINS.
EIGHT MILE PLAINS, 4113 ranks 473rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 706th on the list of best yielding suburbs for rental properties in QLD, posting a 3.48% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $747,500 | $380,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.99% | 0% |
| Median 12 month | -0.99% | -1.3% |
| Median 3 years | 1.7% | -6.35% |
| Median 5 years | 14.38% | -7.4% |
| 10 years average annual | 3.65% | 0.61% |
| Weekly media advert. rent | $500 | $430 |
| Time on Market | 65.2 days | 102.5 days |
| Gross Rental Yield Percent | 3.48% | 5.88% |
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