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 1.38% for the past year.
Investors saw the median home price rise to $256,500.
Profits due to an downward trend in home prices in the suburb averaged -1.67% per annum over a 3-year period.
AVENELL HEIGHTS now ranks at the 555th 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 $290 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 88.1 days.
In 2016, 60 properties were sold in AVENELL HEIGHTS during the past year, making it the 169th most active market in QLD based on total real estate transactions.
AVENELL HEIGHTS ranks 316th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
AVENELL HEIGHTS, 4670 has a capital gain of -10.29% for the past year, which is lower than average compared to its -5.22% growth within a five-year period.
With the median home price in AVENELL HEIGHTS sitting at $218,000, and the average rent at $260, property owners could potentially earn a 6.2% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that AVENELL HEIGHTS, 4670 obtained a -0.04% decrease over a ten-year period. It ranks 1759th on our list of suburbs that property investors should look into.