Property investments in CARAVONICA fare well against the rest of the country last year, registering a median home price increase of 12%.
Real estate investors could earn a rental income of $445 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 76.0 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 $420,000.
CARAVONICA ranks 130th on the list of best yielding suburbs for rental properties in QLD, posting a 5.51% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12%||N/A|
|Median 3 years||15.86%||24.48%|
|Median 5 years||33.33%||N/A|
|10 years average annual||2.94%||N/A|
|Weekly media advert. rent||$445||N/A|
|Time on Market||76.0 days||99.2 days|
|Gross Rental Yield Percent||5.51%||N/A|