Property investors have seen a 2.93% gain in QUEENSTOWN based on an increase 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 $404,000
Profits averaged 5.14% 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 $365 based on current median home prices for the suburb.
The gross rental yield in QUEENSTOWN, 5014 is 4.7%.
An average of 2.33 real estate transactions take place per month in QUEENSTOWN which translates to 28 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.35%||25.93%|
|Median 3 years||15.43%||20.35%|
|Median 5 years||23.17%||N/A|
|10 years average annual||4.4%||6.7%|
|Weekly media advert. rent||$365||$260|
|Time on Market||57.8 days||112.4 days|
|Gross Rental Yield Percent||4.7%||3.98%|