Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Property investors enjoyed capital gains of 1.4% over the last 12 months in EIGHT MILE PLAINS, translating to lower returns compared with its peers in QLD.
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 3.42% increase in returns based on the current median price in EIGHT MILE PLAINS.
EIGHT MILE PLAINS, 4113 ranks 397th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 695th on the list of best yielding suburbs for rental properties in QLD, posting a 3.42% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $760,500 | $372,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.4% | 1.78% |
| Median 12 month | 1.4% | -2.61% |
| Median 3 years | -3.73% | -6.88% |
| Median 5 years | 12.67% | -11.31% |
| 10 years average annual | 2.77% | 0.22% |
| Weekly media advert. rent | $500 | $430 |
| Time on Market | 70.8 days | 100.0 days |
| Gross Rental Yield Percent | 3.42% | 6% |
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