Property value increases in Tamborine Mountain have tracked just lower than the QLD average of 2.06% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tamborine Mountain has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Tamborine Mountain should be aiming for at least -5.32% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Tamborine Mountain have been waiting around 87.97 days to sell a property.
Situated 54.27km from the CBD, Tamborine Mountain is one of Scenic Rim localities in the postcode 4272.
Giving property investors a a solid capital gain of 11.29% for the last year, Tamborine Mountain, 4272 is the 347th highest performer in Australia in this respect.
Over the longer term, Tamborine Mountain has seen property prices show investors a 17.55% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Tamborine Mountain itself are offering an average vendor discount of -6.03% to real estate investors.
With the median price for a house in Tamborine Mountain being $345000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.37%