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Property investors enjoyed capital gains of 2.23% over the last 12 months in GLENELLA, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in GLENELLA 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 $440 based on current median home prices for the suburb.
On average, rents on listings have reached the $440 mark, reflecting a 5% increase in returns based on the current median price in GLENELLA.
GLENELLA, 4740 ranks 450th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 259th on the list of best yielding suburbs for rental properties in QLD, posting a 5% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $457,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.78% | N/A |
| Median 12 month | 2.23% | N/A |
| Median 3 years | -9.41% | N/A |
| Median 5 years | -13.52% | N/A |
| 10 years average annual | -0.99% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 65.9 days | N/A |
| Gross Rental Yield Percent | 5% | N/A |
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