Property investments in LAMMERMOOR did not fare well against the rest of the country last year, registering a median home price decrease of 9.52%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains LAMMERMOOR, 4703 saw average growth in the long term.
Real estate investors could earn a rental income of $355 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 103.6 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 $460,000.
LAMMERMOOR ranks 564th on the list of best yielding suburbs for rental properties in QLD, posting a 4.01% return.
Based on its average 5-year and quarterly capital gains LAMMERMOOR, 4703 saw average decrease in the long term.
Profits due to an downward trend in home prices in LAMMERMOOR, 4703 averaged -10.48% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 6.93% increase in returns based on the current median price in LAMMERMOOR.
An average of 0.83 real estate transactions take place per month in LAMMERMOOR which translates to 10 per annum.
10 properties were sold in LAMMERMOOR during the past year, making it the 394th most active market in QLD based on total real estate transactions.
LAMMERMOOR, 4703 places 325th in Australia based on median property value growth during the quarter.
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