Property investments in COOLANGATTA fare well against the rest of the country last year, registering a median home price increase of 17.17%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains COOLANGATTA, 4225 saw average growth in the long term.
Real estate investors could earn a rental income of $607.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 110.3 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $800,000.
COOLANGATTA ranks 579th on the list of best yielding suburbs for rental properties in QLD, posting a 3.95% return.
COOLANGATTA, 4225 ranks 349th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.5% for property investors last year.
Profits due to an upward trend in home prices in COOLANGATTA, 4225 averaged 9.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 3.95% increase in returns based on the current median price in COOLANGATTA.
An average of 21.17 real estate transactions take place per month in COOLANGATTA which translates to 254 per annum.
254 properties were sold in COOLANGATTA during the past year, making it the 205th most active market in QLD based on total real estate transactions.
COOLANGATTA, 4225 places 43rd in Australia based on median property value growth during the quarter.
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