Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
Property investors enjoyed capital gains of 21.12% over the last 12 months in MURGON, 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 the QLD suburb obtained a -0.11% decrease over a ten-year period. It ranks 4488th on our list of suburbs that property investors should look into.
MURGON, 4605 has a capital gain of 21.12% for the past year, which is higher than average compared to its 23.08% growth within a five-year period.
With the median home price in MURGON sitting at $160,000, and the average rent at $250, property owners could potentially earn a 8.13% increase in gross rental yield.
A 21.12% increase in median property prices in MURGON, 4605 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 91st.
Figures from the previous quarter show that capital gains for real estate buyers in MURGON are high, as opposed to average gains per annum over the past five years.
MURGON, 4605 in QLD belongs to the local government area of South Burnett (R).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.12%||N/A|
|Median 3 years||5.26%||N/A|
|Median 5 years||23.08%||N/A|
|10 years average annual||-0.11%||N/A|
|Weekly media advert. rent||$250||N/A|
|Time on Market||161.0 days||N/A|
|Gross Rental Yield Percent||8.13%||N/A|