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 $390,000
Profits averaged -0.42% per annum over a 3-year period, due to an downward trend in home prices in CORAL COVE, 4670.
This means, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
The gross rental yield in CORAL COVE, 4670 is 5%.
An average of 2.92 real estate transactions take place per month in CORAL COVE which translates to 35 per annum.
Property investments in CORAL COVE did not fare well against the rest of the country last year, registering a median home price decrease of -1.71%.
Based on its average 5-year and quarterly capital gains CORAL COVE, 4670 saw average growth in the long term.
This means, real estate investors could earn a rental income of $350 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 CORAL COVE, homes and units usually stay on listing for an average of 152.0 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 $272,750
Investors saw the median home price rise to $272,750.
CORAL COVE ranks 43rd on the list of best yielding suburbs for rental properties in QLD, posting a 6.67% return.
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