Investment property in Durack has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.93%
Durack,0830 was ranked 3322 in Australia by increase in median property value over the quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.30% offered to property buyers. Sellers in Durack itself are offering an average vendor discount of -7.75% to real estate investors.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
A $497.5 per week rent on the median house gives suburb investors a gross yield of circa 5.21%, without taking into account capital value appreciation, which has been averaging out at 3.27%.