Proserpine

POSTAL CODE: QLD, 4800

HOUSE

UNIT

Property investors enjoyed capital gains of 9.33% 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 low, as opposed to average gains per annum over the past five years.

The suburb posted a 50.64% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

On average, rents on listings have reached the $600 mark, reflecting a 5.75% increase in returns based on the current median price in PROSERPINE.

PROSERPINE, 4800 ranks 682nd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 41st on the list of best yielding suburbs for rental properties in QLD, posting a 5.75% return.

Property investors have seen a 28.33% gain in PROSERPINE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains PROSERPINE, 4800 saw average growth in the long term.

PROSERPINE, 4800 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 $385,000.

Profits due to an upward trend in home prices in PROSERPINE, 4800 averaged 36.04% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $377.5 based on current median home prices for the suburb.

The gross rental yield in PROSERPINE, 4800 is 5.1%.

An average of 1 real estate transactions take place per month in PROSERPINE which translates to 12 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$542,300	$385,000
Growth Report
Median Quarterly	3.79%	28.33%
Median 12 month	9.33%	0%
Median 3 years	50.64%	108.11%
Median 5 years	104.64%	0%
10 years average annual	8.72%	-1.33%
Weekly media advert. rent	$600	$378
Time on Market	32.3 days	N/A
Gross Rental Yield Percent	5.75%	5.1%

Demographics (Median Values)*

Total Population 3313

Weekly Household Income 902.9

Household Size 2.50

Average 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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