Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $237,500.
The downward trend in home prices in ALLENSTOWN, 4700 averaged -4.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $255 mark, reflecting a 5.58% increase in returns based on the current median price in ALLENSTOWN.
An average of 3.33 real estate transactions take place per month in ALLENSTOWN which translates to 40 per annum.
40 properties were sold in ALLENSTOWN in 2016, making it the 307th most active market in QLD based on total real estate transactions.
ALLENSTOWN, 4700 places 755th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.83%||-1.98%|
|Median 3 years||-14.41%||16.1%|
|Median 5 years||-20.83%||2.48%|
|10 years average annual||-0.27%||-4.53%|
|Weekly media advert. rent||$255||$280|
|Time on Market||68.7 days||127.6 days|
|Gross Rental Yield Percent||5.58%||4.7%|