Investment property in Hollywell has done pretty 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 -1.43%
While Hollywell,4216 ranked number 478th in QLD for increase in median house value (annualised) increase, it is ranked 428th over the last 5 years.
Hollywell4216 is located in QLD which offers an average discount of -7.32% to property investors. Hollywell itself is showing figures that indicate -5.18% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
With the median price for a house in Hollywell being $621000 and the advertised rent reaching $582.5 the gross rental yield for property investors calculates out to be 4.88%
Hollywell is in the TOP 20% in QLD when comparing median price capital growth over the last year. Hollywell gave property investors a very good capital gain figure when compared to the rest of the state, with 11.75%.
Across a shorter period, Hollywell, 4216 has seen a median price increase of 3.53% over the last quarter.
The most recent median price for Hollywell is $732500, with sellers offering an average of -8.18% off the asking price.
Using the current median advertised rental of $670 and the average annual increase in value of a median property of -1.18%, investors should hope to achieve an overall return of 4.76%