BOYNE ISLAND, 4680 ranks 322nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.76% for property investors.
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 $625,000.
The upward trend in home prices in BOYNE ISLAND, 4680 averaged 15.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $590 mark, reflecting a 4.91% increase in returns based on the current median price in BOYNE ISLAND.
An average of 12.25 real estate transactions take place per month in BOYNE ISLAND which translates to 147 per annum.
147 properties were sold in BOYNE ISLAND in 2016, making it the 789th most active market in QLD based on total real estate transactions.
BOYNE ISLAND, 4680 places 311th 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 $530,000.
Average median unit prices in QLD have risen as a whole, pulling BOYNE ISLAND, 4680 values up and netting property investors a capital gain of 24.41% for the past year.
Investors saw the median home price rise to $530,000.
The upward trend in home prices in BOYNE ISLAND, 4680 averaged 6.82% per annum over a 3-year period.
BOYNE ISLAND now ranks at the 282nd 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 BOYNE ISLAND are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A 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 BOYNE ISLAND, homes and units usually stay on listing for an average of N/A.
10 properties were sold in BOYNE ISLAND in 2016, making it the 424th most active market in QLD based on total real estate transactions.