Property investors who have had real estate in Tamborine Mountain, 4272 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.97%
While Tamborine Mountain,4272 ranked number 670th in QLD for increase in median house value (annualised) increase, it is ranked 468th over the last 5 years.
The most recent median price for Tamborine Mountain is $490000, with sellers offering an average of -5.29% off the asking price.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 1.25%.
QLD has seen average median house prices change by 1.12% which means that Tamborine Mountain, 4272 has done well for property investors by showing a capital gain of 1.56% over the last year
The five-year average increase in median property values for Tamborine Mountain,4272 has given property investors a potential capital gain of -2.99% across each of those five years.
Sellers are offering property buyers an average discount of -6.04% to buyers in Tamborine Mountain at the moment, which is less than average for the rest of QLD.
At number 1417 in a list of fastest selling suburbs, Tamborine Mountain is in the bottom 10% of suburbs in Australia with an average of days on market 141.46 for properties listed there.
Tamborine Mountain, 4272’s gross rental yield is 4.64%