Property investors have seen a 0.8% gain in PIALBA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PIALBA, 4655 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 10.14%.
Based on its average 5-year and quarterly capital gains PIALBA, 4655 saw average growth in the long term.
The QLD suburb 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 $315,000
Profits averaged 5.56% per annum over a 3-year period, due to an upward trend in home prices in PIALBA, 4655.
This means, real estate investors could earn a rental income of $315 based on current median home prices for the suburb.
The gross rental yield in PIALBA, 4655 is 5.2%.
An average of 5.42 real estate transactions take place per month in PIALBA which translates to 65 per annum.
Property investments in PIALBA did not fare well against the rest of the country last year, registering a median home price decrease of 1.21%.
Figures from the previous quarter show that capital gains for real estate buyers in PIALBA are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $292.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In PIALBA, homes and units usually stay on listing for an average of 111.8 days.
the QLD suburb 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 $250,000
Investors saw the median home price rise to $250,000.
PIALBA ranks 76th on the list of best yielding suburbs for rental properties in QLD, posting a 6.08% return.
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