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 $350,000.
Profits due to an upward trend in home prices there averaged 4.73% per annum over a 3-year period.
Home owners selling their properties and realtors in NELLY BAY usually have to wait an average of 194.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.46% increase in returns based on the current median price in NELLY BAY.
NELLY BAY, 4819 places 738th in Australia based on median property value growth during the quarter.
Property investors in NELLY BAY enjoyed capital gains of 26.92% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NELLY BAY are high, as opposed to average gains per annum over the past five years.
NELLY BAY posted a 92.87% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in NELLY BAY.
NELLY BAY, 4819 ranks 10th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
NELLY BAY ranks 397th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
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