Investment property in Centenary Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.52%
While Centenary Heights,4350 ranked number 415th in QLD for increase in median house value (annualised) increase, it is ranked 103th over the last 5 years.
Our latest figures would indicate that property sellers in Centenary Heights are currently offering property investors an average price cut of -4.49% below the asking price at the moment.
A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 4.63%, without taking into account capital value appreciation, which has been averaging out at 4.51%.
Centenary Heights has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 20.51% to date .
Taking the average capital gain, or increase in median house value, Centenary Heights,4350 has racked up an average of 20.51% over the period. This ranks it number 1221th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Centenary Heights is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 230th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Centenary Heights, 4350’s gross rental yield is 4.27%