Property investments in LAMMERMOOR did not fare well against the rest of the country last year, registering a median home price decrease of -8.1%.
Real estate investors could earn a rental income of $345 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 134.5 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 $420,000.
LAMMERMOOR ranks 517th on the list of best yielding suburbs for rental properties in QLD, posting a 4.27% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.1%||-9.85%|
|Median 3 years||-11.58%||-19.47%|
|Median 5 years||-4.55%||16.15%|
|10 years average annual||0.38%||17.06%|
|Weekly media advert. rent||$345||$300|
|Time on Market||134.5 days||0.0 days|
|Gross Rental Yield Percent||4.27%||5.17%|