Property investors enjoyed capital gains of 1.61% over the last 12 months in BOOVAL, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 0.96% growth over a ten-year period. It ranks 3315th on our list of suburbs that property investors should look into.
BOOVAL, 4304 has a capital gain of 1.61% for the past year, which is lower than average compared to its 15.58% growth within a five-year period.
With the median home price in BOOVAL sitting at $300,500, and the average rent at $295, property owners could potentially earn a 5.1% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BOOVAL are low, as opposed to average gains per annum over the past five years.
BOOVAL, 4304 in QLD belongs to the local government area of Ipswich.