MACKENZIE, 4156 ranks 1555th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.79% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,650,000.
The upward trend in home prices in MACKENZIE, 4156 averaged 10.14% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in MACKENZIE.
An average of 2.08 real estate transactions take place per month in MACKENZIE which translates to 25 per annum.
25 properties were sold in MACKENZIE in 2016, making it the 504th most active market in QLD based on total real estate transactions.
MACKENZIE, 4156 places 489th in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $900,000.
Investors saw the median home price rise to $900,000.
The upward trend in home prices in MACKENZIE, 4156 averaged 0% per annum over a 3-year period.
MACKENZIE now ranks at the 341st 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 MACKENZIE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A 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 MACKENZIE, homes and units usually stay on listing for an average of N/A.
13 properties were sold in MACKENZIE in 2016, making it the 364th most active market in QLD based on total real estate transactions.