Property investors enjoyed capital gains of 15.26% 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 46% 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 $575 based on current median home prices for the suburb.
On average, rents on listings have reached the $575 mark, reflecting a 4.55% increase in returns based on the current median price in THE RANGE.
THE RANGE, 4700 ranks 389th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 179th on the list of best yielding suburbs for rental properties in QLD, posting a 4.55% return.
Property investors have seen a 12.2% gain in THE RANGE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on THE RANGE, 4700 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 39.39%.
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 $460,000.
Profits due to an upward trend in home prices in THE RANGE, 4700 averaged 34.81% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $412.5 based on current median home prices for the suburb.
The gross rental yield in THE RANGE, 4700 is 4.66%.
An average of 1.17 real estate transactions take place per month in THE RANGE which translates to 14 per annum.