With a capital gain of 4.26% for the last 12 months, Algester, 4115 has performed for property investments than its average annual 4.82% property growth over the last 5 years.
Algester,4115 was ranked 2681 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.08% to buyers in Algester at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 11.33 sales per month, which equates to 136 per year.
With the median price for a house in Algester being $490000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.56%
Giving property investors a an average capital gain of 2.35% for the last year, Algester, 4115 is the 981th highest performer in Australia in this respect.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Algester, 4115. Typically our figures indicate that -5.65% is being offered, which puts this QLD suburb at 548th most discounted overall in Australia.
Often selling an investment property can take time, and in Algester the average time real estate has been on the market is 101.1 days.
Advertised rents are around the $380 mark per week – giving a return of 6.48% based on the median price in Suburb