Property value increases in Gaythorne have tracked higher than the QLD average of 2.11% over the last 12 months.
While Gaythorne,4051 ranked number 25th in QLD for increase in median house value (annualised) increase, it is ranked 22th over the last 5 years.
The most recent median price for Gaythorne is $730000, with sellers offering an average of -3.43% off the asking price.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.69%, investors should hope to achieve an overall return of 3.13%
QLD has seen average median house prices change by 1.12% which means that Gaythorne, 4051 has done well for property investors by showing a capital gain of 2.27% over the last year
Over the longer term, Gaythorne has seen property prices show investors a 9.76% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Gaythorne is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 260th in terms of most discounted suburbs in QLD
At number 552 in a list of fastest selling suburbs, Gaythorne is in the TOP 40% of suburbs in Australia with an average of days on market 68.57 for properties listed there.
Advertised rents are around the $372.5 mark per week – giving a return of 4.30% based on the median price in Suburb