DICKY BEACH, 4551 delivered a stronger 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 DICKY BEACH, 4551 values up and netting property investors a capital gain of 26.9% for the past year.
Investors saw the median home price rise to $878,750.
Profits due to an upward trend in home prices in the suburb averaged 9.24% per annum over a 3-year period.
DICKY BEACH now ranks at the 20th 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 DICKY BEACH are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $460 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 DICKY BEACH, homes and units usually stay on listing for an average of 47.4 days.
In 2016, 25 properties were sold in DICKY BEACH during the past year, making it the 463rd most active market in QLD based on total real estate transactions.
DICKY BEACH ranks 209th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
DICKY BEACH, 4551 has a capital gain of -8.73% for the past year, which is lower than average compared to its 26.76% growth within a five-year period.
With the median home price in DICKY BEACH sitting at $342,250, and the average rent at $390, property owners could potentially earn a 5.93% increase in gross rental yield.
Property investors have seen a 0.66% gain in DICKY BEACH 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 DICKY BEACH, 4551 obtained a 1.77% growth over a ten-year period. It ranks 1369th on our list of suburbs that property investors should look into.