QLD has seen average median house prices change by 1.98% which means that Tugun, 4224 has done well for property investors by showing a capital gain of 16.67% over the last year
Tugun,4224 was ranked 755 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Tugun itself are offering an average vendor discount of -4.94% to real estate investors.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.65%, investors should hope to achieve an overall return of 4.50%
If you compare the increase in value of investment property in Tugun, 4224 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 5.19%.
While Tugun,4224 ranked number 167th in QLD for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Tugun itself are offering an average vendor discount of -5.37% to real estate investors.
Tugun is 270th on a list of best yielding suburbs for rents in QLD with a 4.88% return