Condon

POSTAL CODE: QLD, 4815

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 77.56% capital gain.

It 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 $559,300

The augmented property values in the suburb are trailing above the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $510.

Home owners selling their properties and realtors in CONDON usually have to wait an average of 20.7 days days before their assets are lifted off the market.

The QLD suburb ranks 137th on the list of best yielding suburbs for rental properties in QLD, posting a 4.74% return.

It also places places 360th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 28.81% over the last 12 months in CONDON, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that CONDON, 4815 obtained a 12.77% growth over a ten-year period. It ranks 1561st on our list of suburbs that property investors should look into.

CONDON, 4815 has a capital gain of 28.81% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in CONDON sitting at $380,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CONDON are high, as opposed to average gains per annum over the past five years.

CONDON, 4815 in QLD belongs to the local government area of Townsville.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$559,300	$380,000
Growth Report
Median Quarterly	4.6%	1.33%
Median 12 month	24.29%	28.81%
Median 3 years	77.56%	40.74%
Median 5 years	113.07%	0%
10 years average annual	7.65%	12.77%
Weekly media advert. rent	$510	N/A
Time on Market	20.7 days	N/A
Gross Rental Yield Percent	4.74%	0%

Demographics (Median Values)*

Total Population 5684

Weekly Household Income 1049

Household Size 2.80

Average Age 31

Monthly Loan Repayment 1200

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

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