Property investments in EDGE HILL did not fare well against the rest of the country last year, registering a median home price decrease of 29.08%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains EDGE HILL, 4870 saw average growth in the long term.
Real estate investors could earn a rental income of $720 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 39 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 $935,850.
EDGE HILL ranks 266th on the list of best yielding suburbs for rental properties in QLD, posting a 4% return.
Based on its average 5-year and quarterly capital gains EDGE HILL, 4870 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in EDGE HILL, 4870 averaged 9.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 6.98% increase in returns based on the current median price in EDGE HILL.
An average of 2.83 real estate transactions take place per month in EDGE HILL which translates to 34 per annum.
34 properties were sold in EDGE HILL during the past year, making it the 154th most active market in QLD based on total real estate transactions.
EDGE HILL, 4870 places 142nd in Australia based on median property value growth during the quarter.