Property investors who have had real estate in Toowong, 4066 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.62%
Toowong,4066 was ranked 1402 in Australia by increase in median property value over the quarter.
At number 578th of QLD’s most discounted properties, Toowong is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $542.5 and the average annual increase in value of a median property of 4.45%, investors should hope to achieve an overall return of 3.34%
Over the last year, property investments in Toowong, 4066 have given investors a capital gain of -3.00%. This compares badly with the 0.29% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Toowong,4066 has racked up an average of -3.00% over the period. This ranks it number 1464th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Toowong itself are offering an average vendor discount of -6.52% to real estate investors.
With the median price for a house in Toowong being $453000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.59%