Property investors who have had real estate in Hollywell, 4216 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 decrease in value by -1.03%
Hollywell,4216 has offered an average of -1.03% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Hollywell is offering property investors an average of -7.31. This rate of discount on properties puts Suburb at number 633th in terms of most discounted suburbs in QLD
A $550 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 2.21%.
Hollywell has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 16.03% to date .
Hollywell,4216 was ranked 649 in Australia by increase in median property value over the quarter.
Vendor discounting in Hollywell is giving property investors an average Vendor Discount of around -8.38%. This puts suburb at number 33th in QLD when ranking the most discounted suburbs.
In the last year 26 properties changed hands in Hollywell, which puts it as the 262th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $635 and the average annual increase in value of a median property of -0.14%, investors should hope to achieve an overall return of 4.75%