YARRABILBA, 4207 ranks 643rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.66% 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 $795,000.
The upward trend in home prices in YARRABILBA, 4207 averaged 14.85% per annum over a 3-year period.
Average weekly rents on listings have reached the $602.5 mark, reflecting a 3.94% increase in returns based on the current median price in YARRABILBA.
An average of 33.75 real estate transactions take place per month in YARRABILBA which translates to 405 per annum.
405 properties were sold in YARRABILBA in 2016, making it the 336th most active market in QLD based on total real estate transactions.
YARRABILBA, 4207 places 179th 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 $588,000.
Investors saw the median home price rise to $588,000.
The upward trend in home prices in YARRABILBA, 4207 averaged 8.79% per annum over a 3-year period.
YARRABILBA now ranks at the 189th 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.
18 properties were sold in YARRABILBA in 2016, making it the 293rd most active market in QLD based on total real estate transactions.