SOUTH TOOWOOMBA, 4350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling SOUTH TOOWOOMBA, 4350 values up and netting property investors a capital gain of 17.83% for the past year.
Investors saw the median home price rise to $743,500.
Profits due to an upward trend in home prices in the suburb averaged 15.99% per annum over a 3-year period.
SOUTH TOOWOOMBA now ranks at the 624th 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 SOUTH TOOWOOMBA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $520 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SOUTH TOOWOOMBA, homes and units usually stay on listing for an average of 23.6 days.
In 2016, 98 properties were sold in SOUTH TOOWOOMBA during the past year, making it the 9th most active market in QLD based on total real estate transactions.
SOUTH TOOWOOMBA ranks 243rd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
SOUTH TOOWOOMBA, 4350 has a capital gain of 19.7% for the past year, which is higher than average compared to its 73.31% growth within a five-year period.
SOUTH TOOWOOMBA, 4350 ranks 364th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.7% for property investors last year.
With the median home price in SOUTH TOOWOOMBA sitting at $565,000, and the average rent at $420, property owners could potentially earn a 3.87% increase in gross rental yield.
Property investors have seen a 7.62% gain in SOUTH TOOWOOMBA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SOUTH TOOWOOMBA, 4350 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 19.7%.
A survey of average capital gains or median home price increase in suburbs across the country shows that SOUTH TOOWOOMBA, 4350 obtained a 5.86% growth over a ten-year period. It ranks 752nd on our list of suburbs that property investors should look into.