Homeowners and real estate investors betting on MOOROOBOOL, 4870 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 18.2%.
A steady increase in median property prices over a five-year period in the suburb translates to a 44.2% capital gain.
Property investors in MOOROOBOOL enjoyed capital gains of 18.2% 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 $721,000.
Profits due to an upward trend in home prices there averaged 14.73% per annum over a 3-year period.
Home owners selling their properties and realtors in MOOROOBOOL usually have to wait an average of 31.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $630 mark, reflecting a 4.54% increase in returns based on the current median price in MOOROOBOOL.
MOOROOBOOL, 4870 places 312th in Australia based on median property value growth during the quarter.
Property investors in MOOROOBOOL enjoyed capital gains of 12.5% 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 MOOROOBOOL are low, as opposed to average gains per annum over the past five years.
MOOROOBOOL posted a 42.86% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $500 mark, reflecting a 5.78% increase in returns based on the current median price in MOOROOBOOL.
MOOROOBOOL, 4870 ranks 294th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
MOOROOBOOL ranks 40th on the list of best yielding suburbs for rental properties in QLD, posting a 5.78% return.