Investors not ‘playing’ the game could miss out big
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TANAWHA, 4556 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 $860,000.
Profits due to an downward trend in home prices in the suburb averaged -1.12% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $700 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 TANAWHA, homes and units usually stay on listing for an average of 121.8 days.
In 2016, 27 properties were sold in TANAWHA during the past year, making it the 425th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $860,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -2.27% | N/A |
| Median 3 years | -3.37% | N/A |
| Median 5 years | 17.01% | N/A |
| 10 years average annual | 0.9% | N/A |
| Weekly media advert. rent | $700 | N/A |
| Time on Market | 121.8 days | N/A |
| Gross Rental Yield Percent | 4.23% | N/A |
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