Investment property in Peachester has done 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 -3.71%
Across a shorter period, Peachester, 4519 has seen a median price increase of -5.51% over the last quarter.
Vendor discounting in Peachester is giving property investors an average Vendor Discount of around -5.70%. This puts suburb at number 495th in QLD when ranking the most discounted suburbs.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.29%, without taking into account capital value appreciation, which has been averaging out at 4.40%.
Located 83km from the Brisbane CBD and about 35km from Caloundra, the suburb lies within the Sunshine Coast Hinterland.Full summary
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Located 83km from the Brisbane CBD and about 35km from Caloundra, the suburb lies within the Sunshine Coast Hinterland.
Peachester is quite small having just 1,083 residents according to the 2006 ABS Census. However, it’s accessibility to the Sunshine Coast centres of Caloundra and to Brisbane makes it an attractive destination for professionals who are searching for lifestyle as well as connectivity to job markets.
Median house price has come a long way from $8,080 in September 1979, according to Residex figures. Its relatively affordable housing offering will certainly boost its appeal as lifestyle destination for the budget conscious buyers.