Based on its average 5-year and quarterly capital gains TUGUN, 4224 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that TUGUN, 4224 obtained a 3.25% growth over a ten-year period. It ranks 2294th on our list of suburbs that property investors should look into.
TUGUN, 4224 in QLD belongs to the local government area of Gold Coast.
TUGUN, 4224 has a capital gain of 5.79% for the past year, which is lower than average compared to its 45.45% growth within a five-year period.
With the median home price in TUGUN sitting at $640,000, and the average rent at $595, property owners could potentially earn a 4.83% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TUGUN are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in TUGUN, 4224 translates to a 23.47% capital gain.
Property investors enjoyed capital gains of 6.44% over the last 12 months in TUGUN, translating to lower returns compared with its peers in QLD.
TUGUN, 4224 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 $463,000.
Profits due to an upward trend in home prices in TUGUN, 4224 averaged 7.82% per annum over a 3-year period.
Home owners selling their properties and realtors in TUGUN usually have to wait an average of 45.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $460 mark, reflecting a 5.17% increase in returns based on the current median price in TUGUN.
TUGUN, 4224 places 163rd in Australia based on median property value growth during the quarter.