Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $870,000.
The upward trend in home prices in AGNES WATER, 4677 averaged 6.61% per annum over a 3-year period.
Average weekly rents on listings have reached the $655 mark, reflecting a 3.91% increase in returns based on the current median price in AGNES WATER.
An average of 9.25 real estate transactions take place per month in AGNES WATER which translates to 111 per annum.
111 properties were sold in AGNES WATER in 2016, making it the 948th most active market in QLD based on total real estate transactions.
AGNES WATER, 4677 places 478th in Australia based on median property value growth during the quarter.
The 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 $499,000.
Average median unit prices in QLD have risen as a whole, pulling AGNES WATER, 4677 values up and netting property investors a capital gain of 1.84% for the past year.
Investors saw the median home price rise to $499,000.
The upward trend in home prices in AGNES WATER, 4677 averaged 0.27% per annum over a 3-year period.
AGNES WATER now ranks at the 233rd 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 AGNES WATER are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $420 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 AGNES WATER, homes and units usually stay on listing for an average of 102.7 days.
65 properties were sold in AGNES WATER in 2016, making it the 55th most active market in QLD based on total real estate transactions.