Property investors enjoyed capital gains of 8% 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.
The suburb posted a 22.91% 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 $490 based on current median home prices for the suburb.
On average, rents on listings have reached the $490 mark, reflecting a 3.15% increase in returns based on the current median price in EIGHT MILE PLAINS.
EIGHT MILE PLAINS, 4113 ranks 205th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 707th on the list of best yielding suburbs for rental properties in QLD, posting a 3.15% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8%||1.05%|
|Median 3 years||22.91%||3.14%|
|Median 5 years||43.24%||17.14%|
|10 years average annual||6%||3.94%|
|Weekly media advert. rent||$490||$425|
|Time on Market||55.9 days||80.6 days|
|Gross Rental Yield Percent||3.15%||5.39%|