Property investors enjoyed capital gains of 13.21% 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.
This number can mean, real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
On average, rents on listings have reached the $300 mark, reflecting a 5.2% increase in returns based on the current median price in PROSERPINE.
PROSERPINE, 4800 ranks 85th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 207th on the list of best yielding suburbs for rental properties in QLD, posting a 5.2% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.21%||N/A|
|Median 3 years||-5.14%||N/A|
|Median 5 years||4.53%||N/A|
|10 years average annual||1.44%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||119.4 days||N/A|
|Gross Rental Yield Percent||5.2%||N/A|