Kirwan

POSTAL CODE: QLD, 4817

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 59.74% 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 $615,000

The augmented property values in the suburb are trailing above the territorial average of 12.37% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $550.

Home owners selling their properties and realtors in KIRWAN usually have to wait an average of 24.7 days days before their assets are lifted off the market.

The QLD suburb ranks 151st on the list of best yielding suburbs for rental properties in QLD, posting a 4.65% return.

It also places places 345th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 45.07% over the last 12 months in KIRWAN, 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 KIRWAN, 4817 obtained a 9.06% growth over a ten-year period. It ranks 112th on our list of suburbs that property investors should look into.

KIRWAN, 4817 has a capital gain of 45.07% for the past year, which is higher than average compared to its 87.96% growth within a five-year period.

With the median home price in KIRWAN sitting at $515,000, and the average rent at $420, property owners could potentially earn a 4.24% increase in gross rental yield.

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

KIRWAN, 4817 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	$615,000	$515,000
Growth Report
Median Quarterly	4.24%	17.71%
Median 12 month	18.27%	45.07%
Median 3 years	59.74%	91.09%
Median 5 years	92.94%	87.96%
10 years average annual	6.55%	9.06%
Weekly media advert. rent	$550	$420
Time on Market	24.7 days	26.2 days
Gross Rental Yield Percent	4.65%	4.24%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size 0.00

Average Age n.a.

Monthly Loan Repayment n.a.

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

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