Investment property in Sandstone Point 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 2.44%
Sandstone Point,4511 was ranked 2584 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.33% to buyers in Sandstone Point at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 2.26%, investors should hope to achieve an overall return of 4.70%
Sandstone Point is in the bottom 10% in QLD when comparing median price capital growth over the last year. Sandstone Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.28%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sandstone Point has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Sandstone Point is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in QLD