Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Property investors enjoyed capital gains of 35.29% over the last 12 months in COLLINSVILLE, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 1.06% growth over a ten-year period. It ranks 4364th on our list of suburbs that property investors should look into.
COLLINSVILLE, 4804 has a capital gain of 35.29% for the past year, which is higher than average compared to its 91.67% growth within a five-year period.
With the median home price in COLLINSVILLE sitting at $115,000, and the average rent at $262.5, property owners could potentially earn a 0% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in COLLINSVILLE are low, as opposed to average gains per annum over the past five years.
COLLINSVILLE, 4804 in QLD belongs to the local government area of Whitsunday (R).
The coal mining town of Collinsville sits atop the Bowen Basin region, some 1,200 kilometres from Brisbane. With mining at the heart of its local economy, Collinsville is home to a tight-knit community comprising of employees from local coal mines, as well as property investors looking to profit by digging up new developments. Collinsville was founded in the 1920s upon the discovery of coal in the area, hence its former name “Moongunya”, or “place of coal.”
Amenities and things to do
Although undoubtedly distant from the city, Collinsville is well-equipped with facilities to cater to its residents. The town has a number of churches, schools, a medical centre and pharmacy, retail areas, and a wealth of sports amenities. Residents will surely not run out of sports activities and have their pick at golf, rugby, squash and swimming. Collinsville also has a number of heritage sites where locals can step back in time and learn about the town’s history, such as the Bowen River Hotel along Strathbowen-Leichhardt Range Road, which has been beautifully restored, and the Collinsville Cemetery, the final resting place of the town’s beloved miners.
Dwelling spaces in Collinsville are mostly a mix of standalone homes made from timber and tin, and contemporary houses and apartments. Affordability is not an issue: the price of houses for sale in Collinsville, Queensland range between $60,000 and $610,000, the latter involving wide acres of grasslands. The average price of Collinsville real estate rentals, meanwhile, range between $110 and $700 per week.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||35.29%||N/A|
|Median 3 years||43.75%||N/A|
|Median 5 years||91.67%||N/A|
|10 years average annual||1.06%||N/A|
|Weekly media advert. rent||$262.5||N/A|
|Time on Market||126.2 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|