Investment property in East Toowoomba 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 1.04%
Taking the average capital gain, or increase in median house value, East Toowoomba,4350 has racked up an average of 1.04% over the period. This ranks it number 2133th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in East Toowoomba are currently offering property investors an average price cut of -6.18% below the asking price at the moment.
On average over the past year, suburb has had 10.75 sales per month, which equates to 129 per year.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
East Toowoomba, 4350 ranked 356th in QLD when comparing growth in median property values or capital gain over the last 12 months. East Toowoomba is one of 2415 in our list for QLD
Over the longer term, East Toowoomba has seen property prices show investors a 20.90% 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 -6.08% offered to property buyers. Sellers in East Toowoomba itself are offering an average vendor discount of -7.87% to real estate investors.
A $265 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 5.69%.