Property investors enjoyed capital gains of 16.15% over the last 12 months in WURTULLA, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in WURTULLA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 23.89% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.
On average, rents on listings have reached the $850 mark, reflecting a 3.17% increase in returns based on the current median price in WURTULLA.
WURTULLA, 4575 ranks 487th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 563rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.17% return.
Property investors have seen a -3.11% drop in WURTULLA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WURTULLA, 4575 saw average growth in the long term.
WURTULLA, 4575 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 $809,000.
Profits due to an upward trend in home prices in WURTULLA, 4575 averaged 12.53% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $672.5 based on current median home prices for the suburb.
The gross rental yield in WURTULLA, 4575 is 4.32%.
An average of 1.92 real estate transactions take place per month in WURTULLA which translates to 23 per annum.