TAMBORINE MOUNTAIN, 4272 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling TAMBORINE MOUNTAIN, 4272 values up and netting property investors a capital gain of 1.92% for the past year.
Investors saw the median home price rise to $530,000.
Profits due to an upward trend in home prices in the suburb averaged 4.38% per annum over a 3-year period.
TAMBORINE MOUNTAIN now ranks at the 548th 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 TAMBORINE MOUNTAIN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TAMBORINE MOUNTAIN, homes and units usually stay on listing for an average of 96.0 days.
In 2016, 205 properties were sold in TAMBORINE MOUNTAIN during the past year, making it the 536th most active market in QLD based on total real estate transactions.
TAMBORINE MOUNTAIN ranks 83rd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
Property investors have seen a -5.13% drop in TAMBORINE MOUNTAIN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that TAMBORINE MOUNTAIN, 4272 obtained a 8.37% growth over a ten-year period. It ranks 105th on our list of suburbs that property investors should look into.