BEENLEIGH, 4207 ranks 1196th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.11% for property investors.
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 $800,000.
The upward trend in home prices in BEENLEIGH, 4207 averaged 18.45% per annum over a 3-year period.
Average weekly rents on listings have reached the $580 mark, reflecting a 3.77% increase in returns based on the current median price in BEENLEIGH.
An average of 14 real estate transactions take place per month in BEENLEIGH which translates to 168 per annum.
168 properties were sold in BEENLEIGH in 2016, making it the 714th most active market in QLD based on total real estate transactions.
BEENLEIGH, 4207 places 207th 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 $579,000.
Average median unit prices in QLD have risen as a whole, pulling BEENLEIGH, 4207 values up and netting property investors a capital gain of 20.63% for the past year.
Investors saw the median home price rise to $579,000.
The upward trend in home prices in BEENLEIGH, 4207 averaged 33.22% per annum over a 3-year period.
BEENLEIGH now ranks at the 43rd 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 BEENLEIGH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $480 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 BEENLEIGH, homes and units usually stay on listing for an average of 21.2 days.
86 properties were sold in BEENLEIGH in 2016, making it the 23rd most active market in QLD based on total real estate transactions.