Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Based on its average 5-year and quarterly capital gains THORNLANDS, 4164 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that THORNLANDS, 4164 obtained a 1.31% growth over a ten-year period. It ranks 3699th on our list of suburbs that property investors should look into.
THORNLANDS, 4164 in QLD belongs to the local government area of Redland (C).
THORNLANDS, 4164 has a capital gain of 11.13% for the past year, which is higher than average compared to its 12.86% growth within a five-year period.
With the median home price in THORNLANDS sitting at $633,420, and the average rent at $500, property owners could potentially earn a 4.1% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in THORNLANDS are high, as opposed to average gains per annum over the past five years.
Thornlands is the subject of property investors’ attention nowadays as young families pick up house and land packages in the suburb. Housing supply and price is not a problem in Thornlands, proving a boon for buyers who want to keep a lucrative and fulfilling job but don’t want to be away from their family.
The trip from Thornlands to Brisbane is no more than an hour via private car, and one and a half hours via public transport. A train station is located in neighbouring Cleveland for commuters who aim for a more straightforward travel to the Brisbane central business district. Residents need not worry about travelling to Queensland’s tourism spots; Moreton Bay is just an hour’s drive away, and so are the natural wonders in Redlands.
Real estate outlook
Thornlands has a suburb rating of 3.38 (three stars), which means it is safe from any property bubble and exhibits even stronger sales. In terms of liveability, Thornlands consistently gets astounding reviews from both new and long-time residents.
Thornlands’s real estate portfolio is composed largely of greenfield and brownfield developments selling at a low cost. Townhouses are highly in demand, and so are greener homes in general. Three-bedroom properties and smaller bungalows are in abundance as well, giving buyers a gamut of options.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.13%||-5.06%|
|Median 3 years||1.43%||N/A|
|Median 5 years||12.86%||1.01%|
|10 years average annual||1.31%||-22.28%|
|Weekly media advert. rent||$500||$425|
|Time on Market||49.1 days||84.2 days|
|Gross Rental Yield Percent||4.1%||5.54%|