It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $320,500
The augmented property values in the suburb are trailing behind the territorial average of 2.39% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $287.5.
Home owners selling their properties and realtors in TIN CAN BAY usually have to wait an average of 126.2 days days before their assets are lifted off the market.
The QLD suburb ranks 372nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.66% return.
It also places places 669th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 11.11% over the last 12 months in TIN CAN BAY, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that TIN CAN BAY, 4580 obtained a -5.99% decrease over a ten-year period. It ranks 1616th on our list of suburbs that property investors should look into.
With the median home price in TIN CAN BAY sitting at $235,000, and the average rent at $277.5, property owners could potentially earn a 6.14% increase in gross rental yield.
A 11.11% increase in median property prices in TIN CAN BAY, 4580 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 55th.
TIN CAN BAY, 4580 in QLD belongs to the local government area of Gympie.