Property investments in ALLORA fare well against the rest of the country last year, registering a median home price increase of 11.11%.
Real estate investors could earn a rental income of $260 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 121.2 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $250,000.
ALLORA ranks 152nd on the list of best yielding suburbs for rental properties in QLD, posting a 5.41% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.11%||N/A|
|Median 3 years||-2.53%||N/A|
|Median 5 years||11.11%||N/A|
|10 years average annual||5.65%||N/A|
|Weekly media advert. rent||$260||N/A|
|Time on Market||121.2 days||N/A|
|Gross Rental Yield Percent||5.41%||N/A|