Property investments in POINT LOOKOUT did not fare well against the rest of the country last year, registering a median home price decrease of 21.43%.
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 101.7 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 $850,000.
POINT LOOKOUT ranks 851st on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.43%||-13.55%|
|Median 3 years||N/A||16.71%|
|Median 5 years||8.77%||20%|
|10 years average annual||6.58%||0.62%|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||101.7 days||95.8 days|
|Gross Rental Yield Percent||N/A||N/A|