COOEE BAY, 4703 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 $275,000.
Profits due to an downward trend in home prices in the suburb averaged -8.15% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COOEE BAY, homes and units usually stay on listing for an average of 92.1 days.
In 2016, 25 properties were sold in COOEE BAY during the past year, making it the 457th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.7%||N/A|
|Median 3 years||-24.45%||N/A|
|Median 5 years||-14.99%||N/A|
|10 years average annual||-2.52%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||92.1 days||N/A|
|Gross Rental Yield Percent||5.67%||N/A|