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SHAILER PARK, 4128 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling SHAILER PARK, 4128 values up and netting property investors a capital gain of 18.73% for the past year.
Investors saw the median home price rise to $703,500.
Profits due to an upward trend in home prices in the suburb averaged 8.92% per annum over a 3-year period.
SHAILER PARK now ranks at the 609th 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 SHAILER PARK 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 $500 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 SHAILER PARK, homes and units usually stay on listing for an average of 26.2 days.
In 2016, 254 properties were sold in SHAILER PARK during the past year, making it the 500th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.73%||19.53%|
|Median 3 years||26.76%||13.13%|
|Median 5 years||33.36%||7.37%|
|10 years average annual||4.54%||1.09%|
|Weekly media advert. rent||$500||$335|
|Time on Market||26.2 days||41.2 days|
|Gross Rental Yield Percent||3.7%||5.5%|