Property investors who have had real estate in Eight Mile Plains, 4113 should be relatively unhappy 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 2.04%
While Eight Mile Plains,4113 ranked number 231th in QLD for increase in median house value (annualised) increase, it is ranked 71th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Eight Mile Plains itself are offering an average vendor discount of -5.89% to real estate investors.
On average over the past year, suburb has had 11.50 sales per month, which equates to 138 per year.
With the median price for a house in Eight Mile Plains being $750000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.47%
Eight Mile Plains, 4113 ranked 280th in QLD when comparing growth in median property values or capital gain over the last 12 months. Eight Mile Plains is one of 2415 in our list for QLD
Eight Mile Plains,4113 has offered an average of -3.37% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.14% to buyers in Eight Mile Plains at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.