South Townsville

POSTAL CODE: QLD, 4810

HOUSE

UNIT

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 $640,000.

The upward trend in home prices in SOUTH TOWNSVILLE, 4810 averaged 20.07% per annum over a 3-year period.

Average weekly rents on listings have reached the $570 mark, reflecting a 4.63% increase in returns based on the current median price in SOUTH TOWNSVILLE.

An average of 4.67 real estate transactions take place per month in SOUTH TOWNSVILLE which translates to 56 per annum.

56 properties were sold in SOUTH TOWNSVILLE in 2016, making it the 211th most active market in QLD based on total real estate transactions.

SOUTH TOWNSVILLE, 4810 places 204th 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 $465,500.

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 14.51% for the past year.

Investors saw the median home price rise to $465,500.

The upward trend in home prices in SOUTH TOWNSVILLE, 4810 averaged 15.12% per annum over a 3-year period.

SOUTH TOWNSVILLE now ranks at the 314th 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 $500 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 37.1 days.

62 properties were sold in SOUTH TOWNSVILLE in 2016, making it the 66th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$640,000	$465,500
Growth Report
Median Quarterly	5.79%	1.2%
Median 12 month	21.27%	14.51%
Median 3 years	60.2%	45.36%
Median 5 years	93.94%	63.33%
10 years average annual	6.72%	1.75%
Weekly media advert. rent	$570	$500
Time on Market	50.6 days	37.1 days
Gross Rental Yield Percent	4.63%	5.59%

Demographics (Median Values)*

Total Population 1913

Weekly Household Income 943.2

Household Size 2.00

Average Age 39

Monthly Loan Repayment 1100

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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