The Range

POSTAL CODE: QLD, 4700

HOUSE

UNIT

Property investors enjoyed capital gains of 10.6% over the last 12 months in THE RANGE, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in THE RANGE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 54.09% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 4.45% increase in returns based on the current median price in THE RANGE.

THE RANGE, 4700 ranks 689th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 190th on the list of best yielding suburbs for rental properties in QLD, posting a 4.45% return.

Property investors have seen a 17.93% gain in THE RANGE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains THE RANGE, 4700 saw average growth in the long term.

THE RANGE, 4700 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 $542,500.

Profits due to an upward trend in home prices in THE RANGE, 4700 averaged 34.39% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

The gross rental yield in THE RANGE, 4700 is 4.03%.

An average of 1 real estate transactions take place per month in THE RANGE which translates to 12 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$678,000	$542,500
Growth Report
Median Quarterly	3.2%	17.93%
Median 12 month	10.6%	0%
Median 3 years	54.09%	103.18%
Median 5 years	71.21%	0%
10 years average annual	6.79%	21.71%
Weekly media advert. rent	$580	$420
Time on Market	41 days	N/A
Gross Rental Yield Percent	4.45%	4.03%

Demographics (Median Values)*

Total Population 5728

Weekly Household Income 1063

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1100

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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