Property investments in PETRIE did not fare well against the rest of the country last year, registering a median home price decrease of 1.31%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains PETRIE, 4502 saw average growth in the long term.
Real estate investors could earn a rental income of $390 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 35.2 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 $424,000.
PETRIE ranks 323rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.78% return.
Profits due to an downward trend in home prices in PETRIE, 4502 averaged -1.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $332.5 mark, reflecting a 5.32% increase in returns based on the current median price in PETRIE.
An average of 2.58 real estate transactions take place per month in PETRIE which translates to 31 per annum.
31 properties were sold in PETRIE during the past year, making it the 164th most active market in QLD based on total real estate transactions.
PETRIE, 4502 places 151st in Australia based on median property value growth during the quarter.
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