Algester has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.93% to date .
While Algester,4115 ranked number 478th in QLD for increase in median house value (annualised) increase, it is ranked 193th over the last 5 years.
Sellers are offering property buyers an average discount of -2.86% to buyers in Algester at the moment, which is less than average for the rest of QLD.
Algester is 435th on a list of best yielding suburbs for rents in QLD with a 4.56% return
Algester is an average performer in QLD when comparing median price capital growth over the last year. Algester gave property investors a average capital gain figure when compared to the rest of the state, with -0.05%.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Algester itself are offering an average vendor discount of -5.55% to real estate investors.
In the last year 32 properties changed hands in Algester, which puts it as the 241th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $375 mark per week – giving a return of 6.39% based on the median price in Suburb