Property investors who have had real estate in Thorneside, 4158 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.76%
Taking the average capital gain, or increase in median house value, Thorneside,4158 has racked up an average of 1.76% over the period. This ranks it number 1687th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Thorneside itself are offering an average vendor discount of -4.53% to real estate investors.
Residents and property investors in Thorneside have been waiting around 65.85 days to sell a property.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 4.80%, investors should hope to achieve an overall return of 4.11%
Investment property in Thorneside has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.10%
Over the longer term, Thorneside has seen property prices show investors a -5.14% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Thorneside 4158 should be seeing an average reduction in asking price of around -4.95% . This means that Thorneside is holding prices well when compared to other suburbs in QLD.