With a capital gain of 18.29% for the last 12 months, Mallabula, 2319 has performed for property investments than its average annual 3.76% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mallabula has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mallabula should be aiming for at least -5.62% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 6.01%, without taking into account capital value appreciation, which has been averaging out at 3.76%.