Granville

GRANVILLE, 4650 delivered a weaker 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 GRANVILLE, 4650 values up and netting property investors a capital gain of 24.47% for the past year.

Investors saw the median home price rise to $585,000.

Profits due to an upward trend in home prices in the suburb averaged 22.46% per annum over a 3-year period.

GRANVILLE now ranks at the 303rd 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 GRANVILLE 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 $550 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 GRANVILLE, homes and units usually stay on listing for an average of 29.6 days.

In 2016, 50 properties were sold in GRANVILLE during the past year, making it the 263rd most active market in QLD based on total real estate transactions.