AREA REPORTS

Avenell Heights

Suburb Profile

Avenell Heights - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4670

house
unit

AVENELL HEIGHTS, 4670 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 $244,450.

Profits due to an downward trend in home prices in the suburb averaged -2.7% per annum over a 3-year period.

AVENELL HEIGHTS now ranks at the 464th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $295 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 67.2 days.

In 2016, 58 properties were sold in AVENELL HEIGHTS during the past year, making it the 179th most active market in QLD based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $244,450 $222,000
GROWTH REPORT
Median Quarterly -0.22% -0.67%
Median 12 month -8.45% -5.03%
Median 3 years -8.1% -10.3%
Median 5 years -13.93% -1.99%
10 years average annual -1.66% -0.25%
Weekly media advert. rent $295 $260
Time on Market 67.2 days 115.0 days
Gross Rental Yield Percent 6.28% 6.09%
demographics (median values)
Total Population
4771
Weekly Household Income
727.7
Household Size
2.50
demographics
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