With a capital gain of -1.57% for the last 12 months, Warwick, 4370 has performed for property investments than its average annual 4.63% property growth over the last 5 years.
While Warwick,4370 ranked number 748th in QLD for increase in median house value (annualised) increase, it is ranked 460th over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Warwick itself are offering an average vendor discount of -7.23% to real estate investors.
In the last year 209 properties changed hands in Warwick, which puts it as the 51th most active market in QLD when comparing the number of sales per suburb.
A $255 per week rent on the median house gives suburb investors a gross yield of circa 5.30%, without taking into account capital value appreciation, which has been averaging out at 4.63%.
Warwick has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -16.16% to date .
Comparing Warwick,4370 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in Warwick should be aiming for at least -4.76% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $240 mark per week – giving a return of 6.09% based on the median price in Suburb