Wage subsidy to ‘relieve financial pressure’ for tenants and landlords
The federal government’s recent JobKeeper wage subsidy is set to significantly help relieve rental and mortgage stress, according to the P...
Property investors enjoyed capital gains of 2.23% 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 3.15% 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 $320 based on current median home prices for the suburb.
On average, rents on listings have reached the $320 mark, reflecting a 5.81% increase in returns based on the current median price in PROSERPINE.
PROSERPINE, 4800 ranks 307th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 160th on the list of best yielding suburbs for rental properties in QLD, posting a 5.81% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $286,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.23% | N/A |
| Median 12 month | 2.23% | N/A |
| Median 3 years | 3.15% | N/A |
| Median 5 years | 1.33% | N/A |
| 10 years average annual | -1.47% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 111.9 days | N/A |
| Gross Rental Yield Percent | 5.81% | N/A |
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