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Avenell Heights

POSTAL CODE: QLD, 4670
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AVENELL HEIGHTS, 4670 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 AVENELL HEIGHTS, 4670 values up and netting property investors a capital gain of 14.55% for the past year.

Investors saw the median home price rise to $630,000.

Profits due to an upward trend in home prices in the suburb averaged 20.1% per annum over a 3-year period.

AVENELL HEIGHTS now ranks at the 360th 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 AVENELL HEIGHTS 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 $590 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 AVENELL HEIGHTS, homes and units usually stay on listing for an average of 18.4 days.

In 2016, 77 properties were sold in AVENELL HEIGHTS during the past year, making it the 109th most active market in QLD based on total real estate transactions.

Surburb overview

Nestled in the heart of the Bundaberg region in Queensland lies the residential suburb of Avenell Heights. This picturesque neighbourhood spans approximately 3 square kilometres and is situated about 6 kilometres away from the bustling Bundaberg city centre.

Boasting a diverse population of over 5,000 residents, Avenell Heights offers a peaceful and inviting atmosphere that’s perfect for those seeking a comfortable and convenient lifestyle.

In the mid-1800s, European settlers began arriving in the region, and the land was gradually cleared for agriculture. The first residential development in Avenell Heights began in the 1950s, and the suburb continued to grow and develop throughout the second half of the 20th century.

Today, it is a well-established suburb with a mix of detached houses, townhouses, and some small apartment buildings. It has a few local shops and small businesses, but most residents travel to the nearby city centre for shopping and entertainment.

Investors can expect steady growth and strong rental demand as the suburb’s appeal to families and young professionals continues to grow.

The suburb has seen a total of 540 properties sold in the last 12 months, with dwelling values recording a median quarterly growth rate of 2.80 per cent and an average annual growth rate of 5.50 per cent, indicating a stable and growing market. Over the past 12 months, the suburb has recorded a remarkable growth rate of 21.20 per cent, making it an attractive option for both investors and home buyers.

In terms of rental yield, Avenell Heights has a gross rental yield of 4.40 per cent, which is a promising sign for investors looking for a steady income stream. The median rent in the suburb is $430, which is relatively affordable and may appeal to tenants seeking a comfortable and convenient lifestyle.

For those looking to purchase a property in Avenell Heights, the median price is $509,000, making it an affordable option for home buyers looking to enter the market or investors seeking to diversify their portfolios.

Overall, Avenell Heights offers a stable and growing market, making it an attractive option for both investors and home buyers looking for a slice of the Bundaberg region’s tranquil and inviting lifestyle.

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