Andergrove

POSTAL CODE: QLD, 4740

HOUSE

UNIT

Property investors enjoyed capital gains of 22.04% 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 low, as opposed to average gains per annum over the past five years.

The suburb posted a 54.99% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 5.38% increase in returns based on the current median price in ANDERGROVE.

ANDERGROVE, 4740 ranks 154th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 56th on the list of best yielding suburbs for rental properties in QLD, posting a 5.38% return.

Property investors have seen a -3.29% drop in ANDERGROVE based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on ANDERGROVE, 4740 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 18.99%.

Based on its average 5-year and quarterly capital gains ANDERGROVE, 4740 saw average growth 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 $470,000.

Profits due to an upward trend in home prices in ANDERGROVE, 4740 averaged 11.75% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $510 based on current median home prices for the suburb.

The gross rental yield in ANDERGROVE, 4740 is 5.64%.

An average of 2.08 real estate transactions take place per month in ANDERGROVE which translates to 25 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$628,500	$470,000
Growth Report
Median Quarterly	2.2%	-3.29%
Median 12 month	22.04%	18.99%
Median 3 years	54.99%	35.25%
Median 5 years	73.62%	72.16%
10 years average annual	7.22%	11.85%
Weekly media advert. rent	$650	$510
Time on Market	22 days	N/A
Gross Rental Yield Percent	5.38%	5.64%

Demographics (Median Values)*

Total Population 9204

Weekly Household Income 1253

Household Size 2.90

Average Age 32

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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