Property investors in WEST END enjoyed capital gains of 4.55% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $345,000.
Profits due to an downward trend in home prices there averaged -1.39% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST END usually have to wait an average of 85.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.82% increase in returns based on the current median price in WEST END.
WEST END, 4810 places 596th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in WEST END are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $225 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $225 mark, reflecting a 7.13% increase in returns based on the current median price in WEST END.
WEST END, 4810 ranks 294th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
WEST END ranks 25th on the list of best yielding suburbs for rental properties in QLD, posting a 7.13% return.
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