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 $284,000.
The downward trend in home prices in KELSO, 4815 averaged -3.38% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 5.13% increase in returns based on the current median price in KELSO.
An average of 9.33 real estate transactions take place per month in KELSO which translates to 112 per annum.
112 properties were sold in KELSO in 2016, making it the 854th most active market in QLD based on total real estate transactions.
KELSO, 4815 places 731st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $284,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.33% | N/A |
| Median 12 month | 2.34% | N/A |
| Median 3 years | -10.13% | N/A |
| Median 5 years | -17.92% | N/A |
| 10 years average annual | 0.55% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 108.4 days | N/A |
| Gross Rental Yield Percent | 5.13% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...