With a capital gain of 3.88% for the last 12 months, Algester, 4115 has performed for property investments than its average annual 4.61% property growth over the last 5 years.
Comparing Algester,4115 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Algester is $490000, with sellers offering an average of -3.00% off the asking price.
Algester has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.66% to date .
Taking the average capital gain, or increase in median house value, Algester,4115 has racked up an average of 0.66% over the period. This ranks it number 1208th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Algester is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 91th in terms of most discounted suburbs in QLD
With the median price for a house in Algester being $305000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 6.48%