INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Why property remains the supreme property class
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Property investors enjoyed capital gains of 18.09% over the last 12 months in PALMVIEW, translating to lower returns compared with its peers in QLD.
This number can mean, real estate investors could earn a rental income of $490 based on current median home prices for the suburb.
On average, rents on listings have reached the $490 mark, reflecting a 3.98% increase in returns based on the current median price in PALMVIEW.
PALMVIEW, 4553 ranks 53rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 573rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.98% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $640,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.07% | N/A |
| Median 12 month | 18.09% | N/A |
| Median 3 years | -18.99% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -0.27% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 119.5 days | N/A |
| Gross Rental Yield Percent | 3.98% | N/A |
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