Kilcoy

KILCOY, 4515 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 KILCOY, 4515 values up and netting property investors a capital gain of 9.09% for the past year.

Investors saw the median home price rise to $690,000.

Profits due to an upward trend in home prices in the suburb averaged 17.78% per annum over a 3-year period.

KILCOY now ranks at the 375th 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 KILCOY 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 $590 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 KILCOY, homes and units usually stay on listing for an average of 28.8 days.

In 2016, 51 properties were sold in KILCOY during the past year, making it the 257th most active market in QLD based on total real estate transactions.