At number 2743th in the list of Australian suburbs ordered by increase in median house value over the last year, Runaway Bay, 4216 is in the BOTTOM 40% with a property value increase of 2.43% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Runaway Bay has increased when compared to the 5 year average annual rate.
Vendor discounting in Runaway Bay is giving property investors an average Vendor Discount of around -6.64%. This puts suburb at number 354th in QLD when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $7800 per annum or $650 every week.
QLD has seen average median house prices change by 0.29% which means that Runaway Bay, 4216 has done well for property investors by showing a capital gain of -5.41% over the last year
While Runaway Bay,4216 ranked number 158th in QLD for increase in median house value (annualised) increase, it is ranked 84th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Runaway Bay is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 132th in terms of most discounted suburbs in QLD