Property investors enjoyed capital gains of 5.79% over the last 12 months in ANDERGROVE, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in ANDERGROVE are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
On average, rents on listings have reached the $320 mark, reflecting a 5.2% increase in returns based on the current median price in ANDERGROVE.
ANDERGROVE, 4740 ranks 285th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 191st on the list of best yielding suburbs for rental properties in QLD, posting a 5.2% return.
Property investors have seen a 17.45% gain in ANDERGROVE based on an increase in median home prices for the past three months.
ANDERGROVE, 4740 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 $262,500.
Profits due to an downward trend in home prices in ANDERGROVE, 4740 averaged -9.32% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $260 based on current median home prices for the suburb.
The gross rental yield in ANDERGROVE, 4740 is 5.15%.
An average of 1.58 real estate transactions take place per month in ANDERGROVE which translates to 19 per annum.
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