Property investments in WATERFORD WEST did not fare well against the rest of the country last year, registering a median home price decrease of 5.14%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WATERFORD WEST, 4133 saw average growth in the long term.
Real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 75.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $368,000.
WATERFORD WEST ranks 208th on the list of best yielding suburbs for rental properties in QLD, posting a 5.16% return.
Profits due to an upward trend in home prices in WATERFORD WEST, 4133 averaged 2.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 7% increase in returns based on the current median price in WATERFORD WEST.
An average of 2.42 real estate transactions take place per month in WATERFORD WEST which translates to 29 per annum.
29 properties were sold in WATERFORD WEST during the past year, making it the 181st most active market in QLD based on total real estate transactions.
WATERFORD WEST, 4133 places 194th in Australia based on median property value growth during the quarter.
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