Shailer Park is in the bottom 40% in QLD when comparing median price capital growth over the last year. Shailer Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.24%.
While Shailer Park,4128 ranked number 347th in QLD for increase in median house value (annualised) increase, it is ranked 349th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Shailer Park itself are offering an average vendor discount of -5.58% to real estate investors.
With a capital gain of 7.27% for the last 12 months, Shailer Park, 4128 has performed for property investments than its average annual 4.79% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shailer Park has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Shailer Park should be aiming for at least -6.81% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Shailer Park the average time real estate has been on the market is 86 days.
With the median price for a house in Shailer Park being $295000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 5.55%