Carrara has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 10.34% to date .
Over the longer term, Carrara has seen property prices show investors a 23.28% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.68% to buyers in Carrara at the moment, which is less than average for the rest of QLD.
In the last year 162 properties changed hands in Carrara, which puts it as the 99th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.
With a capital gain of 5.62% for the last 12 months, Carrara, 4211 has performed for property investments than its average annual 3.14% property growth over the last 5 years.
While Carrara,4211 ranked number 82th in QLD for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
Property buyers and investors in Carrara 4211 should be seeing an average reduction in asking price of around -4.36% . This means that Carrara is holding prices well when compared to other suburbs in QLD.
In the last year 218 properties changed hands in Carrara, which puts it as the 32th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 4.65% based on the median price in Suburb