DAKABIN, 4503 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 $455,000.
Profits due to an upward trend in home prices in the suburb averaged 0.37% per annum over a 3-year period.
DAKABIN now ranks at the th 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 DAKABIN 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 $395 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 DAKABIN, homes and units usually stay on listing for an average of 58.1 days.
In 2016, 82 properties were sold in DAKABIN during the past year, making it the 71st most active market in QLD based on total real estate transactions.
With the median home price in DAKABIN sitting at $367,000, and the average rent at $350, property owners could potentially earn a 4.96% increase in gross rental yield.
Property investors have seen a 0% gain in DAKABIN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that DAKABIN, 4503 obtained a 0.27% growth over a ten-year period. It ranks 1598th on our list of suburbs that property investors should look into.