At number 3442th in the list of Australian suburbs ordered by increase in median house value over the last year, Hope Island, 4212 is in the BOTTOM 20% with a property value increase of -3.35% recorded in median house prices.
While Hope Island,4212 ranked number 599th in QLD for increase in median house value (annualised) increase, it is ranked 92th 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 -7.10% offered to property buyers. Sellers in Hope Island itself are offering an average vendor discount of -5.93% to real estate investors.
Hope Island, 4212’s gross rental yield is 4.19%
If you compare the increase in value of investment property in Hope Island, 4212 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 10.64%.
Hope Island,4212 was ranked 617 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Hope Island is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 93th in terms of most discounted suburbs in QLD
With the median price for a house in Hope Island being $650000 and the advertised rent reaching $599.5 the gross rental yield for property investors calculates out to be 4.80%