Property investments in Wongaling Beach did not fare well against the rest of the country last year, registering a median home price decrease of 10.69%.
Real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 195.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $440,000.
Wongaling Beach ranks 541st on the list of best yielding suburbs for rental properties in QLD, posting a 4.14% return.
Based on its average 5-year and quarterly capital gains Wongaling Beach, 4852 saw average growth in the long term.
Profits due to an downward trend in home prices in Wongaling Beach, 4852 averaged -5.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $240 mark, reflecting a 7.08% increase in returns based on the current median price in Wongaling Beach.
An average of 0.83 real estate transactions take place per month in Wongaling Beach which translates to 10 per annum.
10 properties were sold in Wongaling Beach during the past year, making it the 395th most active market in QLD based on total real estate transactions.
Wongaling Beach, 4852 places 301st in Australia based on median property value growth during the quarter.
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