Property investors have seen a -0.26% drop in KANGAROO POINT based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KANGAROO POINT, 4169 saw average growth in the long term.
The QLD 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 $972,500
Profits averaged 9.6% per annum over a 3-year period, due to an upward trend in home prices in KANGAROO POINT, 4169.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in KANGAROO POINT, 4169 is 2.67%.
An average of 1.67 real estate transactions take place per month in KANGAROO POINT which translates to 20 per annum.
Property investments in KANGAROO POINT did not fare well against the rest of the country last year, registering a median home price decrease of 0.98%.
Figures from the previous quarter show that capital gains for real estate buyers in KANGAROO POINT are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $450 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 KANGAROO POINT, homes and units usually stay on listing for an average of 103.6 days.
the QLD 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 $515,000
Investors saw the median home price rise to $515,000.
KANGAROO POINT ranks 298th on the list of best yielding suburbs for rental properties in QLD, posting a 4.54% return.
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