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 6.3% for the past year.
Investors saw the median home price rise to $574,000.
Profits due to an upward trend in home prices in the suburb averaged 5.6% per annum over a 3-year period.
SHAILER PARK now ranks at the 354th 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 $440 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 61.0 days.
In 2016, 199 properties were sold in SHAILER PARK during the past year, making it the 561st most active market in QLD based on total real estate transactions.
SHAILER PARK ranks 161st in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
SHAILER PARK, 4128 has a capital gain of 2.26% for the past year, which is higher than average compared to its 10.84% growth within a five-year period.
With the median home price in SHAILER PARK sitting at $317,000, and the average rent at $315, property owners could potentially earn a 5.17% increase in gross rental yield.
Property investors have seen a -0.94% drop in SHAILER PARK based on a decrease 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 SHAILER PARK, 4128 obtained a 2.2% growth over a ten-year period. It ranks 1153rd on our list of suburbs that property investors should look into.