QLD has seen average median house prices change by 2.39% which means that Algester, 4115 has done well for property investors by showing a capital gain of -1.31% over the last year
Taking the average capital gain, or increase in median house value, Algester,4115 has racked up an average of -1.31% over the period. This ranks it number 2374th 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 -7.16. This rate of discount on properties puts Suburb at number 817th in terms of most discounted suburbs in QLD
With the median price for a house in Algester being $488000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.58%
If you compare the increase in value of investment property in Algester, 4115 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.66%.
While Algester,4115 ranked number 160th in QLD for increase in median house value (annualised) increase, it is ranked 310th over the last 5 years.
Algester4115 is located in QLD which offers an average discount of -6.15% to property investors. Algester itself is showing figures that indicate -5.35% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.