At number 2257th in the list of Australian suburbs ordered by increase in median house value over the last year, Drewvale, 4116 is in the BOTTOM 50% with a property value increase of 3.77% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Drewvale has increased when compared to the 5 year average annual rate.
The most recent median price for Drewvale is $550000, with sellers offering an average of -3.30% off the asking price.
In the last year 83 properties changed hands in Drewvale, which puts it as the 289th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 4.71%, investors should hope to achieve an overall return of 4.54%