It also 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 $430,000
The augmented property values in the suburb are trailing behind the territorial average of 2.8% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.
Home owners selling their properties and realtors in CANNONVALE usually have to wait an average of 88.6 days days before their assets are lifted off the market.
The QLD suburb ranks 137th on the list of best yielding suburbs for rental properties in QLD, posting a 5.44% return.
It also places places 578th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that CANNONVALE, 4802 obtained a -4.66% decrease over a ten-year period. It ranks 1638th on our list of suburbs that property investors should look into.
CANNONVALE, 4802 has a capital gain of -17.52% for the past year, which is lower than average compared to its -23.69% growth within a five-year period.
With the median home price in CANNONVALE sitting at $204,500, and the average rent at $305, property owners could potentially earn a 7.76% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CANNONVALE are high, as opposed to average gains per annum over the past five years.
CANNONVALE, 4802 in QLD belongs to the local government area of Whitsunday.