Investment property in North Toowoomba 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 3.15%
Taking the average capital gain, or increase in median house value, North Toowoomba,4350 has racked up an average of 3.15% over the period. This ranks it number 1809th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in North Toowoomba itself are offering an average vendor discount of -5.03% to real estate investors.
At number 917 in a list of fastest selling suburbs, North Toowoomba is in the TOP 30% of suburbs in Australia with an average of days on market 61.37 for properties listed there.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.77%, without taking into account capital value appreciation, which has been averaging out at 5.38%.
North Toowoomba has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.62% to date .
North Toowoomba,4350 was ranked 521 in Australia by increase in median property value over the quarter.
Property investors should expect to get $260 weekly from the median priced house in this suburb.