Property investors have seen a -4.27% drop in QUEENSTOWN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains QUEENSTOWN, 5014 saw average growth in the long term.
the SA 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 $392,500
Profits averaged 5.49% per annum over a 3-year period, due to an upward trend in home prices in QUEENSTOWN, 5014.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in QUEENSTOWN, 5014 is 4.77%.
An average of 2.17 real estate transactions take place per month in QUEENSTOWN which translates to 26 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.2%||25.93%|
|Median 3 years||16.47%||19.3%|
|Median 5 years||19.66%||24.31%|
|10 years average annual||4.79%||5.56%|
|Weekly media advert. rent||$360||$260|
|Time on Market||52.9 days||109.6 days|
|Gross Rental Yield Percent||4.77%||3.98%|