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Proserpine
AREA REPORTS

Proserpine

Proserpine - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4800

house
unit

Property investors enjoyed capital gains of 20.82% over the last 12 months in PROSERPINE, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in PROSERPINE are high, as opposed to average gains per annum over the past five years.

The suburb posted a 16.07% 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 $380 based on current median home prices for the suburb.

On average, rents on listings have reached the $380 mark, reflecting a 6.08% increase in returns based on the current median price in PROSERPINE.

PROSERPINE, 4800 ranks 534th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 84th on the list of best yielding suburbs for rental properties in QLD, posting a 6.08% return.

Data report can be found below

Proserpine
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $325,000 $190,000
GROWTH REPORT
Median Quarterly 3.17% 2.7%
Median 12 month 20.82% N/A
Median 3 years 16.07% N/A
Median 5 years 12.07% N/A
10 years average annual 1.69% N/A
Weekly media advert. rent $380 $270
Time on Market 74.2 days 0.0 days
Gross Rental Yield Percent 6.08% 7.39%
demographics (median values)*
Total Population
3313
Weekly Household Income
902.9
Household Size
2.50
Age
38
Monthly Loan Repayment
1018
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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