EDENS LANDING, 4207 ranks 902nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.01% 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 $855,000.
The upward trend in home prices in EDENS LANDING, 4207 averaged 14.37% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.65% increase in returns based on the current median price in EDENS LANDING.
An average of 6.5 real estate transactions take place per month in EDENS LANDING which translates to 78 per annum.
78 properties were sold in EDENS LANDING in 2016, making it the 93rd most active market in QLD based on total real estate transactions.
EDENS LANDING, 4207 places 95th 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 $590,000.
Average median unit prices in QLD have risen as a whole, pulling EDENS LANDING, 4207 values up and netting property investors a capital gain of 21.65% for the past year.
Investors saw the median home price rise to $590,000.
The upward trend in home prices in EDENS LANDING, 4207 averaged 30.11% per annum over a 3-year period.
EDENS LANDING now ranks at the 123rd 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 EDENS LANDING are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $520 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 EDENS LANDING, homes and units usually stay on listing for an average of 18.3 days.
21 properties were sold in EDENS LANDING in 2016, making it the 269th most active market in QLD based on total real estate transactions.