ACT Reports Progress Of ‘Better Suburbs’
The ACT government has delivered an update on its “Better Suburbs” plan, detailing the headway that has been made to...
Property investors enjoyed capital gains of 24.38% over the last 12 months in CANNON HILL, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 5% growth over a ten-year period. It ranks 2049th on our list of suburbs that property investors should look into.
CANNON HILL, 4170 has a capital gain of 24.38% for the past year, which is higher than average compared to its 30.88% growth within a five-year period.
With the median home price in CANNON HILL sitting at $908,000, and the average rent at $550, property owners could potentially earn a 3.15% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CANNON HILL are low, as opposed to average gains per annum over the past five years.
CANNON HILL, 4170 in QLD belongs to the local government area of Brisbane (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.38%||-0.89%|
|Median 3 years||22.37%||4.02%|
|Median 5 years||30.88%||-1.98%|
|10 years average annual||5%||-1.26%|
|Weekly media advert. rent||$550||$440|
|Time on Market||42.3 days||72.3 days|
|Gross Rental Yield Percent||3.15%||5.13%|