Slacks Creek

SLACKS CREEK, 4127 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 $337,250.

Profits due to an downward trend in home prices in the suburb averaged -1.67% per annum over a 3-year period.

SLACKS CREEK now ranks at the 654th 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 SLACKS CREEK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $340 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SLACKS CREEK, homes and units usually stay on listing for an average of 66.1 days.

In 2016, 108 properties were sold in SLACKS CREEK during the past year, making it the 959th most active market in QLD based on total real estate transactions.