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2 MIN READRegions Continue To Outpace Cities, But Which Areas Are Topping The Profit Ladder
Regional markets have continued their winning streak, with property values growing at twice the pace seen across the cap...
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Wellington PointWellington Point - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 5.47% over the last 12 months in WELLINGTON POINT, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in WELLINGTON POINT are low, as opposed to average gains per annum over the past five years.
The suburb posted a 12.13% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $515 based on current median home prices for the suburb.
On average, rents on listings have reached the $515 mark, reflecting a 3.97% increase in returns based on the current median price in WELLINGTON POINT.
WELLINGTON POINT, 4160 ranks 492nd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 520th on the list of best yielding suburbs for rental properties in QLD, posting a 3.97% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $675,000 | $461,250 |
| GROWTH REPORT | ||
| Median Quarterly | 3.25% | 0.27% |
| Median 12 month | 5.47% | 0.82% |
| Median 3 years | 12.13% | -2.89% |
| Median 5 years | 18.42% | 1.4% |
| 10 years average annual | 2.23% | 3.42% |
| Weekly media advert. rent | $515 | $427.5 |
| Time on Market | 50.3 days | 82.6 days |
| Gross Rental Yield Percent | 3.97% | 4.82% |
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