Investment property in Thornlands has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.13%
Taking the average capital gain, or increase in median house value, Thornlands,4164 has racked up an average of 4.13% over the period. This ranks it number 2264th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Thornlands should be aiming for at least -5.75% 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 Thornlands the average time real estate has been on the market is 74.29 days.
With the median price for a house in Thornlands being $586000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 4.39%
Thornlands, 4164’s gross rental yield is 13.87%