Property investments in BLACKS BEACH fare well against the rest of the country last year, registering a median home price increase of 17.74%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BLACKS BEACH, 4740 saw average growth in the long term.
Real estate investors could earn a rental income of $670 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 33.4 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 $730,000.
BLACKS BEACH ranks 103rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.77% return.
BLACKS BEACH, 4740 ranks 21st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 40.57% for property investors last year.
Based on its average 5-year and quarterly capital gains BLACKS BEACH, 4740 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in BLACKS BEACH, 4740 averaged 21.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $580 mark, reflecting a 6.13% increase in returns based on the current median price in BLACKS BEACH.
An average of 2.25 real estate transactions take place per month in BLACKS BEACH which translates to 27 per annum.
27 properties were sold in BLACKS BEACH during the past year, making it the 199th most active market in QLD based on total real estate transactions.
BLACKS BEACH, 4740 places th in Australia based on median property value growth during the quarter.