Gooburrum

GOOBURRUM, 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 GOOBURRUM, 4670 values up and netting property investors a capital gain of 56.64% for the past year.

Investors saw the median home price rise to $560,000.

Profits due to an upward trend in home prices in the suburb averaged 18.74% per annum over a 3-year period.

GOOBURRUM now ranks at the 5th 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 GOOBURRUM are high, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GOOBURRUM, homes and units usually stay on listing for an average of 44.3 days.

In 2016, 23 properties were sold in GOOBURRUM during the past year, making it the 552nd most active market in QLD based on total real estate transactions.