With a capital gain of 4.89% for the last 12 months, Runcorn, 4113 has performed for property investments than its average annual 5.47% property growth over the last 5 years.
Runcorn,4113 was ranked 1353 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Runcorn is offering property investors an average of -6.98. This rate of discount on properties puts Suburb at number 721th in terms of most discounted suburbs in QLD
At number 850 in a list of fastest selling suburbs, Runcorn is in the TOP 30% of suburbs in Australia with an average of days on market 53.04 for properties listed there.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Runcorn, 4113 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.38%.
When looking at the potential capital gains offered to property investors over the last 3 years, Runcorn comes in at number 198th in QLD.
Property investors looking for a bargain in Runcorn should be aiming for at least -4.66% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $392.5 mark per week – giving a return of 5.72% based on the median price in Suburb