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Property investors enjoyed capital gains of 15.8% over the last 12 months in RUNCORN, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in RUNCORN are low, as opposed to average gains per annum over the past five years.
The suburb posted a 37.45% 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 $670 based on current median home prices for the suburb.
On average, rents on listings have reached the $670 mark, reflecting a 3.12% increase in returns based on the current median price in RUNCORN.
RUNCORN, 4113 ranks 356th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 579th on the list of best yielding suburbs for rental properties in QLD, posting a 3.12% return.
Runcorn is a residential suburb located approximately 18.6 kilometres south-east of Brisbane's central business district (CBD).
According to the 2021 census, Runcorn had a population of 14,199 people, with a median age of 34 years, slightly below the national median of 38. The suburb is notable for its cultural diversity, hosting the most prominent Sikh community (911 individuals; 6.2%) and the most significant Indian Australian community (1,395 individuals; 7.7%) of any suburb in Queensland.
Runcorn offers several educational institutions, including Runcorn State School and Runcorn State High School, which provide primary and secondary education. These well-regarded schools cater to the diverse local population.
The suburb is well-serviced by public transport, with both Runcorn and Fruitgrove railway stations providing access to Brisbane's CBD and surrounding areas. Additionally, several bus routes operate through the suburb, enhancing connectivity for residents.
Runcorn features various parks and recreational facilities, offering residents opportunities for outdoor activities. The suburb's proximity to shopping centres in neighbouring areas like Sunnybank and Sunnybank Hills provides access to a wide range of retail and dining options.
As of recent reports, the median house price in Runcorn is approximately $970,000, reflecting a 14.1% growth over the past 12 months. Rental yields for houses are around $650 per week, indicating a strong demand for housing in the area.
Runcorn's cultural diversity, educational facilities, and convenient access to public transport make it a desirable suburb for families and individuals seeking a balanced lifestyle within reach of Brisbane's CBD.