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HOWARD, 4659 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 HOWARD, 4659 values up and netting property investors a capital gain of 10.2% for the past year.
Investors saw the median home price rise to $270,000.
Profits due to an upward trend in home prices in the suburb averaged 6.67% per annum over a 3-year period.
HOWARD now ranks at the 458th 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 HOWARD 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 $300 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 HOWARD, homes and units usually stay on listing for an average of 103.2 days.
In 2016, 35 properties were sold in HOWARD during the past year, making it the 361st most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.2%||N/A|
|Median 3 years||20%||N/A|
|Median 5 years||28.57%||N/A|
|10 years average annual||1.37%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||103.2 days||N/A|
|Gross Rental Yield Percent||5.78%||N/A|