Returning expats may increase property prices
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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 $453,750.
The upward trend in home prices in RANGEVILLE, 4350 averaged 1.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.35% increase in returns based on the current median price in RANGEVILLE.
An average of 12.5 real estate transactions take place per month in RANGEVILLE which translates to 150 per annum.
150 properties were sold in RANGEVILLE in 2016, making it the 695th most active market in QLD based on total real estate transactions.
RANGEVILLE, 4350 places 183rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $453,750 | $330,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.31% | 6.62% |
| Median 12 month | 0.5% | 5.6% |
| Median 3 years | 5.65% | -15.38% |
| Median 5 years | -1.04% | -5.71% |
| 10 years average annual | 2.01% | 1.32% |
| Weekly media advert. rent | $380 | $297.5 |
| Time on Market | 62.5 days | 105.6 days |
| Gross Rental Yield Percent | 4.35% | 4.69% |
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