ROCHEDALE SOUTH, 4123 ranks 1502nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.94% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $1,050,000.
The upward trend in home prices in ROCHEDALE SOUTH, 4123 averaged 10.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $690 mark, reflecting a 3.42% increase in returns based on the current median price in ROCHEDALE SOUTH.
An average of 19.42 real estate transactions take place per month in ROCHEDALE SOUTH which translates to 233 per annum.
233 properties were sold in ROCHEDALE SOUTH in 2016, making it the 536th most active market in QLD based on total real estate transactions.
ROCHEDALE SOUTH, 4123 places 316th in Australia based on median property value growth during the quarter.
The suburb also 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 $680,250.
Average median unit prices in QLD have risen as a whole, pulling ROCHEDALE SOUTH, 4123 values up and netting property investors a capital gain of 18.1% for the past year.
Investors saw the median home price rise to $680,250.
The upward trend in home prices in ROCHEDALE SOUTH, 4123 averaged 31.27% per annum over a 3-year period.
ROCHEDALE SOUTH now ranks at the 42nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ROCHEDALE SOUTH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In ROCHEDALE SOUTH, homes and units usually stay on listing for an average of 18 days.
32 properties were sold in ROCHEDALE SOUTH in 2016, making it the 162nd most active market in QLD based on total real estate transactions.