Property investments in CALOUNDRA WEST fare well against the rest of the country last year, registering a median home price increase of 2.93%.
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 CALOUNDRA WEST, 4551 saw average growth in the long term.
Real estate investors could earn a rental income of $460 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 61.6 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 $473,500.
CALOUNDRA WEST ranks 232nd on the list of best yielding suburbs for rental properties in QLD, posting a 5.05% return.
Profits due to an upward trend in home prices in CALOUNDRA WEST, 4551 averaged 11.54% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 5.14% increase in returns based on the current median price in CALOUNDRA WEST.
An average of 3.33 real estate transactions take place per month in CALOUNDRA WEST which translates to 40 per annum.
40 properties were sold in CALOUNDRA WEST during the past year, making it the 119th most active market in QLD based on total real estate transactions.
CALOUNDRA WEST, 4551 places 75th in Australia based on median property value growth during the quarter.
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