Property investors have seen a -0.49% drop in RUNAWAY BAY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains RUNAWAY BAY, 4216 saw average growth in the long term.
The QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $985,000
Profits averaged 4.19% per annum over a 3-year period, due to an upward trend in home prices in RUNAWAY BAY, 4216.
This means, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.
The gross rental yield in RUNAWAY BAY, 4216 is 3.27%.
An average of 10.08 real estate transactions take place per month in RUNAWAY BAY which translates to 121 per annum.
Property investments in RUNAWAY BAY did not fare well against the rest of the country last year, registering a median home price decrease of -2.07%.
Figures from the previous quarter show that capital gains for real estate buyers in RUNAWAY BAY are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $405 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 RUNAWAY BAY, homes and units usually stay on listing for an average of 87.8 days.
the QLD 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 $472,500
Investors saw the median home price rise to $472,500.
RUNAWAY BAY ranks 313th on the list of best yielding suburbs for rental properties in QLD, posting a 4.46% return.
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