A steady increase in median property prices over a five-year period in the suburb translates to a 12.63% capital gain.
It 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 $548,500
The augmented property values in the suburb are trailing behind the territorial average of 2.8% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $470.
Home owners selling their properties and realtors in BANKSIA BEACH usually have to wait an average of 74.8 days days before their assets are lifted off the market.
The QLD suburb ranks 443rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.46% return.
It also places places 638th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 5.55% over the last 12 months in BANKSIA BEACH, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that BANKSIA BEACH, 4507 obtained a 2.38% growth over a ten-year period. It ranks 1202nd on our list of suburbs that property investors should look into.
BANKSIA BEACH, 4507 has a capital gain of 5.55% for the past year, which is higher than average compared to its 18.54% growth within a five-year period.
With the median home price in BANKSIA BEACH sitting at $385,250, and the average rent at $475, property owners could potentially earn a 6.41% increase in gross rental yield.
A 5.55% increase in median property prices in BANKSIA BEACH, 4507 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 89th.
Figures from the previous quarter show that capital gains for real estate buyers in BANKSIA BEACH are low, as opposed to average gains per annum over the past five years.
BANKSIA BEACH, 4507 in QLD belongs to the local government area of Moreton Bay.