Property investments in AYR fare well against the rest of the country last year, registering a median home price increase of 20%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains AYR, 4807 saw average growth in the long term.
Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 59.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $390,000.
AYR ranks 47th on the list of best yielding suburbs for rental properties in QLD, posting a 5.6% return.
AYR, 4807 ranks 133rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 28.21% for property investors last year.
Based on its average 5-year and quarterly capital gains AYR, 4807 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in AYR, 4807 averaged 20.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 5.55% increase in returns based on the current median price in AYR.
An average of 2.17 real estate transactions take place per month in AYR which translates to 26 per annum.
26 properties were sold in AYR during the past year, making it the 216th most active market in QLD based on total real estate transactions.
AYR, 4807 places 314th in Australia based on median property value growth during the quarter.