YARRABILBA, 4207 ranks 590th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.3% 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 $837,000.
The upward trend in home prices in YARRABILBA, 4207 averaged 17.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 3.85% increase in returns based on the current median price in YARRABILBA.
An average of 34.42 real estate transactions take place per month in YARRABILBA which translates to 413 per annum.
413 properties were sold in YARRABILBA in 2016, making it the 331st most active market in QLD based on total real estate transactions.
YARRABILBA, 4207 places 393rd 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 $625,000.
Average median unit prices in QLD have risen as a whole, pulling YARRABILBA, 4207 values up and netting property investors a capital gain of 20.19% for the past year.
Investors saw the median home price rise to $625,000.
The upward trend in home prices in YARRABILBA, 4207 averaged 12.15% per annum over a 3-year period.
YARRABILBA now ranks at the 134th 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 YARRABILBA are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $550 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 YARRABILBA, homes and units usually stay on listing for an average of N/A.
17 properties were sold in YARRABILBA in 2016, making it the 308th most active market in QLD based on total real estate transactions.