Property investors enjoyed capital gains of 16.44% over the last 12 months in WHITFIELD, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in WHITFIELD are high, as opposed to average gains per annum over the past five years.
The suburb posted a 29.77% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $675 based on current median home prices for the suburb.
On average, rents on listings have reached the $675 mark, reflecting a 4.13% increase in returns based on the current median price in WHITFIELD.
WHITFIELD, 4870 ranks 333rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 250th on the list of best yielding suburbs for rental properties in QLD, posting a 4.13% return.
Property investors have seen a 3.13% gain in WHITFIELD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WHITFIELD, 4870 saw average growth in the long term.
WHITFIELD, 4870 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 $495,000.
Profits due to an upward trend in home prices in WHITFIELD, 4870 averaged 10.09% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in WHITFIELD, 4870 is 5.04%.
An average of 0.83 real estate transactions take place per month in WHITFIELD which translates to 10 per annum.