Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $620,000.
The upward trend in home prices in SOUTH TOWNSVILLE, 4810 averaged 18.14% per annum over a 3-year period.
Average weekly rents on listings have reached the $575 mark, reflecting a 4.82% increase in returns based on the current median price in SOUTH TOWNSVILLE.
An average of 4.42 real estate transactions take place per month in SOUTH TOWNSVILLE which translates to 53 per annum.
53 properties were sold in SOUTH TOWNSVILLE in 2016, making it the 242nd most active market in QLD based on total real estate transactions.
SOUTH TOWNSVILLE, 4810 places 927th in Australia based on median property value growth during the quarter.
The suburb 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 $460,000.
Average median unit prices in QLD have risen as a whole, pulling SOUTH TOWNSVILLE, 4810 values up and netting property investors a capital gain of 8.75% for the past year.
Investors saw the median home price rise to $460,000.
The upward trend in home prices in SOUTH TOWNSVILLE, 4810 averaged 12.92% per annum over a 3-year period.
SOUTH TOWNSVILLE now ranks at the 380th 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 SOUTH TOWNSVILLE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $510 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In SOUTH TOWNSVILLE, homes and units usually stay on listing for an average of 40.8 days.
59 properties were sold in SOUTH TOWNSVILLE in 2016, making it the 71st most active market in QLD based on total real estate transactions.