Lake Macdonald

LAKE MACDONALD, 4563 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 LAKE MACDONALD, 4563 values up and netting property investors a capital gain of 10.96% for the past year.

Investors saw the median home price rise to $1,442,500.

Profits due to an upward trend in home prices in the suburb averaged 1.57% per annum over a 3-year period.

LAKE MACDONALD now ranks at the 111th 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 LAKE MACDONALD are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A 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 LAKE MACDONALD, homes and units usually stay on listing for an average of 67.4 days.

In 2016, 20 properties were sold in LAKE MACDONALD during the past year, making it the 616th most active market in QLD based on total real estate transactions.