ROSSLEA, 4812 ranks 60th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 39.77% for property investors.
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 $615,000.
The upward trend in home prices in ROSSLEA, 4812 averaged 10.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $545 mark, reflecting a 4.61% increase in returns based on the current median price in ROSSLEA.
An average of 2.67 real estate transactions take place per month in ROSSLEA which translates to 32 per annum.
32 properties were sold in ROSSLEA in 2016, making it the 419th most active market in QLD based on total real estate transactions.
ROSSLEA, 4812 places 3rd 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 $416,300.
Average median unit prices in QLD have risen as a whole, pulling ROSSLEA, 4812 values up and netting property investors a capital gain of 20.32% for the past year.
Investors saw the median home price rise to $416,300.
The upward trend in home prices in ROSSLEA, 4812 averaged 30.61% per annum over a 3-year period.
ROSSLEA now ranks at the 25th 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 $437.5 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 25.3 days.
56 properties were sold in ROSSLEA in 2016, making it the 79th most active market in QLD based on total real estate transactions.