Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $985,000.
The upward trend in home prices in CALOUNDRA, 4551 averaged 11.64% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 3.96% increase in returns based on the current median price in CALOUNDRA.
An average of 10.58 real estate transactions take place per month in CALOUNDRA which translates to 127 per annum.
127 properties were sold in CALOUNDRA in 2016, making it the 325th most active market in QLD based on total real estate transactions.
CALOUNDRA, 4551 places 9th in Australia based on median property value growth during the quarter.
The suburb 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 $735,000.
Average median unit prices in QLD have risen as a whole, pulling CALOUNDRA, 4551 values up and netting property investors a capital gain of 10.11% for the past year.
Investors saw the median home price rise to $735,000.
The upward trend in home prices in CALOUNDRA, 4551 averaged 6.18% per annum over a 3-year period.
CALOUNDRA now ranks at the 194th 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 CALOUNDRA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $665 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In CALOUNDRA, homes and units usually stay on listing for an average of N/A.
14 properties were sold in CALOUNDRA in 2016, making it the 355th most active market in QLD based on total real estate transactions.