‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors have seen a 6.34% gain in PORT DOUGLAS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PORT DOUGLAS, 4877 saw average growth in the long term.
The QLD 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 $595,500
Profits averaged 3.43% per annum over a 3-year period, due to an upward trend in home prices in PORT DOUGLAS, 4877.
This means, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
The gross rental yield in PORT DOUGLAS, 4877 is 4.32%.
An average of 3.5 real estate transactions take place per month in PORT DOUGLAS which translates to 42 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,500 | $231,500 |
| GROWTH REPORT | ||
| Median Quarterly | 6.34% | -2.11% |
| Median 12 month | 1.88% | -8.68% |
| Median 3 years | 10.28% | 6.44% |
| Median 5 years | 31.75% | 5.23% |
| 10 years average annual | 0.5% | -1.38% |
| Weekly media advert. rent | $495 | $340 |
| Time on Market | 120.0 days | 120.7 days |
| Gross Rental Yield Percent | 4.32% | 7.64% |
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