AREA REPORTS

Emerald

Suburb Profile

Emerald - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4720

house
unit

EMERALD, 4720 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling EMERALD, 4720 values up and netting property investors a capital gain of 16.33% for the past year.

Investors saw the median home price rise to $285,000.

Profits due to an downward trend in home prices in the suburb averaged -1.13% per annum over a 3-year period.

EMERALD now ranks at the 32nd place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $320 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 EMERALD, homes and units usually stay on listing for an average of 92.8 days.

In 2016, 188 properties were sold in EMERALD during the past year, making it the 583rd most active market in QLD based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $285,000 $156,250
GROWTH REPORT
Median Quarterly 10.68% -6.72%
Median 12 month 16.33% 38.89%
Median 3 years -3.39% -39.32%
Median 5 years -36.67% N/A
10 years average annual -1.26% -3.66%
Weekly media advert. rent $320 $230
Time on Market 92.8 days 58.8 days
Gross Rental Yield Percent 5.84% 7.65%
demographics (median values)
Total Population
11577
Weekly Household Income
1679
Household Size
2.90
demographics
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