ALGESTER ranks 532nd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 4.08% for the past year is lower than average compared to its 27.66% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in ALGESTER, the median home price is sitting at $510,000, and the average rent at $420, this suggests property owners could potentially earn a 4.28% increase in gross rental yield.
Property investors have seen a 2% gain in ALGESTER based on an increase 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 this suburb obtained a 3.7% growth over a ten-year period. It ranks 2123rd on our list of suburbs that property investors should look into.
A 18.59% increase in median property prices in ALGESTER, 4115 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 18th.
A steady increase in median property prices over a five-year period in ALGESTER, 4115 translates to a 16.35% capital gain.
ALGESTER, 4115 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 $370,000.
Augmented property values in ALGESTER are trailing above the QLD average of 0.71% for the past year.
Real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
Home owners selling their properties and realtors in ALGESTER usually have to wait an average of 77.7 days days before their assets are lifted off the market.
ALGESTER ranks 191st on the list of best yielding suburbs for rental properties in QLD, posting a 5.13% return.
ALGESTER, 4115 places 53rd in Australia based on median property value growth during the quarter.