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Caravonica
AREA REPORTS

Caravonica

Caravonica - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4878

house
unit

Property investments in CARAVONICA fare well against the rest of the country last year, registering a median home price increase of 13.68%.

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 CARAVONICA, 4878 saw average growth in the long term.

Real estate investors could earn a rental income of $530 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 40.9 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 $540,000.

CARAVONICA ranks 210th on the list of best yielding suburbs for rental properties in QLD, posting a 5.1% return.

Data report can be found below

Caravonica
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $540,000 $315,000
GROWTH REPORT
Median Quarterly 0% 4.13%
Median 12 month 13.68% N/A
Median 3 years 7.04% N/A
Median 5 years 29.81% 17.98%
10 years average annual 5.64% 6.19%
Weekly media advert. rent $530 N/A
Time on Market 40.9 days 0.0 days
Gross Rental Yield Percent 5.1% N/A
demographics (median values)*
Total Population
1985
Weekly Household Income
1071
Household Size
2.70
Age
35
Monthly Loan Repayment
1192
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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