Investment property in Booval has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.72%
If we look at median property appreciation over just the last three months, Booval has given property investors a paper return of 1.08%. This puts Suburb as 327 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Booval is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 273th in terms of most discounted suburbs in QLD
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
If you compare the increase in value of investment property in Booval, 4304 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.56%.
Over the longer term, Booval has seen property prices show investors a -19.42% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -7.93% to buyers in Booval at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.94%, investors should hope to achieve an overall return of 6.45%