Gailes is in the TOP 30% in QLD when comparing median price capital growth over the last year. Gailes gave property investors a good capital gain figure when compared to the rest of the state, with 6.12%.
While Gailes,4300 ranked number 591th in QLD for increase in median house value (annualised) increase, it is ranked 346th over the last 5 years.
Property investors looking for a bargain in Gailes should be aiming for at least -6.40% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.76%, investors should hope to achieve an overall return of 6.00%