BOWEN, 4805 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 $265,000.
Profits due to an downward trend in home prices in the suburb averaged -6.97% per annum over a 3-year period.
BOWEN now ranks at the 157th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BOWEN are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BOWEN, homes and units usually stay on listing for an average of 108.9 days.
In 2016, 96 properties were sold in BOWEN during the past year, making it the 10th most active market in QLD based on total real estate transactions.
BOWEN ranks 139th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
BOWEN, 4805 has a capital gain of 4.62% for the past year, which is higher than average compared to its -37.23% growth within a five-year period.
With the median home price in BOWEN sitting at $204,000, and the average rent at $300, property owners could potentially earn a 7.65% increase in gross rental yield.
Property investors have seen a -2.86% drop in BOWEN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that BOWEN, 4805 obtained a -0.28% decrease over a ten-year period. It ranks 1740th on our list of suburbs that property investors should look into.