Property investments in MOUNT COOLUM fare well against the rest of the country last year, registering a median home price increase of 18.4%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MOUNT COOLUM, 4573 saw average growth in the long term.
Real estate investors could earn a rental income of $542.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 64.7 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $650,000.
MOUNT COOLUM ranks 481st on the list of best yielding suburbs for rental properties in QLD, posting a 4.34% return.
Profits due to an upward trend in home prices in MOUNT COOLUM, 4573 averaged 4.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 5.17% increase in returns based on the current median price in MOUNT COOLUM.
An average of 8.5 real estate transactions take place per month in MOUNT COOLUM which translates to 102 per annum.
102 properties were sold in MOUNT COOLUM during the past year, making it the 387th most active market in QLD based on total real estate transactions.
MOUNT COOLUM, 4573 places th in Australia based on median property value growth during the quarter.
great article Cate Bakos!
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