KOORALBYN, 4285 ranks 921st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.86% 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 $800,000.
The upward trend in home prices in KOORALBYN, 4285 averaged 12.64% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in KOORALBYN.
An average of 4 real estate transactions take place per month in KOORALBYN which translates to 48 per annum.
48 properties were sold in KOORALBYN in 2016, making it the 279th most active market in QLD based on total real estate transactions.
KOORALBYN, 4285 places 556th 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 $347,500.
Average median unit prices in QLD have risen as a whole, pulling KOORALBYN, 4285 values up and netting property investors a capital gain of 23.67% for the past year.
Investors saw the median home price rise to $347,500.
The upward trend in home prices in KOORALBYN, 4285 averaged 25.17% per annum over a 3-year period.
KOORALBYN now ranks at the 54th 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 KOORALBYN are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A 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 KOORALBYN, homes and units usually stay on listing for an average of 44.3 days.
32 properties were sold in KOORALBYN in 2016, making it the 172nd most active market in QLD based on total real estate transactions.