Property investments in POINT LOOKOUT fare well against the rest of the country last year, registering a median home price increase of -6.15%.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 111.8 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $840,000.
POINT LOOKOUT ranks 855th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
Based on its average 5-year and quarterly capital gains POINT LOOKOUT, 4183 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in POINT LOOKOUT, 4183 averaged 8.68% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in POINT LOOKOUT.
An average of 2.58 real estate transactions take place per month in POINT LOOKOUT which translates to 31 per annum.
31 properties were sold in POINT LOOKOUT during the past year, making it the 166th most active market in QLD based on total real estate transactions.
POINT LOOKOUT, 4183 places 129th in Australia based on median property value growth during the quarter.
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