WOREE, 4868 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling WOREE, 4868 values up and netting property investors a capital gain of 3.86% for the past year.
Investors saw the median home price rise to $336,500.
Profits due to an downward trend in home prices in the suburb averaged -0.34% per annum over a 3-year period.
WOREE now ranks at the 505th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in WOREE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $360 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WOREE, homes and units usually stay on listing for an average of 90.6 days.
In 2016, 34 properties were sold in WOREE during the past year, making it the 358th most active market in QLD based on total real estate transactions.
WOREE ranks 163rd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
WOREE, 4868 has a capital gain of 8.4% for the past year, which is higher than average compared to its 12.03% growth within a five-year period.
Property investors have seen a -0.7% drop in WOREE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that WOREE, 4868 obtained a -0.61% decrease over a ten-year period. It ranks 1735th on our list of suburbs that property investors should look into.