Property investors in NELLY BAY enjoyed capital gains of 6.87% over the last 12 months translating to lower returns compared with its peers in the territory.
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 5.56% per annum over a 3-year period.
Home owners selling their properties and realtors in NELLY BAY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.75% increase in returns based on the current median price in NELLY BAY.
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.
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 317th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
NELLY BAY ranks 376th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
When an industry person not from WA...
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