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 $677,500.
The upward trend in home prices in ROSSLEA, 4812 averaged 15.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $570 mark, reflecting a 4.37% increase in returns based on the current median price in ROSSLEA.
An average of 2.33 real estate transactions take place per month in ROSSLEA which translates to 28 per annum.
28 properties were sold in ROSSLEA in 2016, making it the 468th most active market in QLD based on total real estate transactions.
ROSSLEA, 4812 places 1st 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 $438,000.
Average median unit prices in QLD have risen as a whole, pulling ROSSLEA, 4812 values up and netting property investors a capital gain of 25.14% for the past year.
Investors saw the median home price rise to $438,000.
The upward trend in home prices in ROSSLEA, 4812 averaged 33.33% per annum over a 3-year period.
ROSSLEA now ranks at the 16th 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 ROSSLEA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $440 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 ROSSLEA, homes and units usually stay on listing for an average of 28.1 days.
47 properties were sold in ROSSLEA in 2016, making it the 98th most active market in QLD based on total real estate transactions.