Rangeville

POSTAL CODE: QLD, 4350

HOUSE

UNIT

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 $950,000.

The upward trend in home prices in RANGEVILLE, 4350 averaged 17.09% per annum over a 3-year period.

Average weekly rents on listings have reached the $630 mark, reflecting a 3.45% increase in returns based on the current median price in RANGEVILLE.

An average of 11.75 real estate transactions take place per month in RANGEVILLE which translates to 141 per annum.

141 properties were sold in RANGEVILLE in 2016, making it the 791st most active market in QLD based on total real estate transactions.

RANGEVILLE, 4350 places 523rd 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 $680,750.

Average median unit prices in QLD have risen as a whole, pulling RANGEVILLE, 4350 values up and netting property investors a capital gain of 8.92% for the past year.

Investors saw the median home price rise to $680,750.

The upward trend in home prices in RANGEVILLE, 4350 averaged 9.68% per annum over a 3-year period.

RANGEVILLE now ranks at the 78th 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 RANGEVILLE are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $510 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 RANGEVILLE, homes and units usually stay on listing for an average of 14.7 days.

28 properties were sold in RANGEVILLE in 2016, making it the 190th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$950,000	$680,750
Growth Report
Median Quarterly	2.67%	6.99%
Median 12 month	20.48%	8.92%
Median 3 years	51.27%	29.05%
Median 5 years	80.95%	91.76%
10 years average annual	8.59%	9.28%
Weekly media advert. rent	$630	$510
Time on Market	25.4 days	14.7 days
Gross Rental Yield Percent	3.45%	3.9%

Demographics (Median Values)*

Total Population 8420

Weekly Household Income 1083

Household Size 2.50

Average Age 40

Monthly Loan Repayment 1296

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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