The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $975,000.
The upward trend in home prices in KINGS BEACH, 4551 averaged 13.43% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 2.19% increase in returns based on the current median price in KINGS BEACH.
An average of 0.83 real estate transactions take place per month in KINGS BEACH which translates to 10 per annum.
10 properties were sold in KINGS BEACH in 2016, making it the 927th most active market in QLD based on total real estate transactions.
KINGS BEACH, 4551 places 170th 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 $425,000.
Average median unit prices in QLD have risen as a whole, pulling KINGS BEACH, 4551 values up and netting property investors a capital gain of 8.97% for the past year.
Investors saw the median home price rise to $425,000.
The upward trend in home prices in KINGS BEACH, 4551 averaged 2.76% per annum over a 3-year period.
KINGS BEACH now ranks at the 54th 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 KINGS BEACH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $350 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 KINGS BEACH, homes and units usually stay on listing for an average of 78.2 days.
173 properties were sold in KINGS BEACH in 2016, making it the 282nd most active market in QLD based on total real estate transactions.
If you are running a genuine rental...
The rental market should be totally...
I agree Rick - it would be good and easy...
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