Property investors enjoyed capital gains of 9.68% 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 $335 based on current median home prices for the suburb.
On average, rents on listings have reached the $335 mark, reflecting a 5.12% increase in returns based on the current median price in ANDERGROVE.
ANDERGROVE, 4740 ranks 143rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 216th on the list of best yielding suburbs for rental properties in QLD, posting a 5.12% return.
Property investors have seen a -13.52% drop in ANDERGROVE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ANDERGROVE, 4740 saw average decrease in the long term.
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 $227,000.
This number can mean, real estate investors could earn a rental income of $295 based on current median home prices for the suburb.
The gross rental yield in ANDERGROVE, 4740 is 6.76%.
An average of 1.25 real estate transactions take place per month in ANDERGROVE which translates to 15 per annum.
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