Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $530,000.
The upward trend in home prices in TINGALPA, 4173 averaged 5.21% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 4.22% increase in returns based on the current median price in TINGALPA.
An average of 10.42 real estate transactions take place per month in TINGALPA which translates to 125 per annum.
125 properties were sold in TINGALPA in 2016, making it the 785th most active market in QLD based on total real estate transactions.
TINGALPA, 4173 places 299th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $380,000.
Average median unit prices in QLD have risen as a whole, pulling TINGALPA, 4173 values up and netting property investors a capital gain of 0.53% for the past year.
Investors saw the median home price rise to $380,000.
The downward trend in home prices in TINGALPA, 4173 averaged -0.43% per annum over a 3-year period.
TINGALPA now ranks at the 145th 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 TINGALPA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $391 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 TINGALPA, homes and units usually stay on listing for an average of 43.3 days.
59 properties were sold in TINGALPA in 2016, making it the 64th most active market in QLD based on total real estate transactions.
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