Why it pays to have a principal and interest loan
Owner-occupiers who are paying principal and interest on their mortgage are being rewarded by the financial institutions with a lower intere...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $248,000.
The downward trend in home prices in KELSO, 4815 averaged -4.53% per annum over a 3-year period.
Average weekly rents on listings have reached the $309 mark, reflecting a 6.48% increase in returns based on the current median price in KELSO.
An average of 8.75 real estate transactions take place per month in KELSO which translates to 105 per annum.
105 properties were sold in KELSO in 2016, making it the 888th most active market in QLD based on total real estate transactions.
KELSO, 4815 places 533rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $248,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.8% | N/A |
| Median 12 month | -6.42% | N/A |
| Median 3 years | -13.59% | N/A |
| Median 5 years | -21.97% | N/A |
| 10 years average annual | -2.91% | N/A |
| Weekly media advert. rent | $309 | N/A |
| Time on Market | 78.1 days | N/A |
| Gross Rental Yield Percent | 6.48% | N/A |
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