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 $325,000.
The upward trend in home prices in GOODNA, 4300 averaged 5.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $310 mark, reflecting a 4.96% increase in returns based on the current median price in GOODNA.
An average of 11.75 real estate transactions take place per month in GOODNA which translates to 141 per annum.
141 properties were sold in GOODNA in 2016, making it the 713th most active market in QLD based on total real estate transactions.
GOODNA, 4300 places 416th 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 $205,000.
Investors saw the median home price rise to $205,000.
The downward trend in home prices in GOODNA, 4300 averaged -11.29% per annum over a 3-year period.
GOODNA now ranks at the 271st 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 GOODNA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $285 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 GOODNA, homes and units usually stay on listing for an average of 109.5 days.
24 properties were sold in GOODNA in 2016, making it the 214th most active market in QLD based on total real estate transactions.
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