Property investments in GLEN EDEN fare well against the rest of the country last year, registering a median home price increase of 19.09%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains GLEN EDEN, 4680 saw average growth in the long term.
Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 28.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $655,000.
GLEN EDEN ranks 153rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.53% return.
Based on its average 5-year and quarterly capital gains GLEN EDEN, 4680 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in GLEN EDEN, 4680 averaged 21.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $467.5 mark, reflecting a 5.4% increase in returns based on the current median price in GLEN EDEN.
An average of 2.25 real estate transactions take place per month in GLEN EDEN which translates to 27 per annum.
27 properties were sold in GLEN EDEN during the past year, making it the 198th most active market in QLD based on total real estate transactions.
GLEN EDEN, 4680 places 300th in Australia based on median property value growth during the quarter.