Investment property in Benowa has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.89%
The five-year average increase in median property values for Benowa,4217 has given property investors a potential capital gain of 19.85% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Benowa itself are offering an average vendor discount of -5.22% to real estate investors.
The QLD suburb of Benowa, 4217 is in the Gold Coast local government area.
Benowa has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.67% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Benowa has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Benowa is offering property investors an average of -5.97. This rate of discount on properties puts Suburb at number 97th in terms of most discounted suburbs in QLD
A $650 per week rent on the median house gives suburb investors a gross yield of circa 6.35%, without taking into account capital value appreciation, which has been averaging out at 4.59%.