Investment property in Kings Beach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 23.08%
A $375 per week rent on the median house gives suburb investors a gross yield of circa 2.44%, without taking into account capital value appreciation, which has been averaging out at 23.08%.
Kings Beach is in the bottom 30% in QLD when comparing median price capital growth over the last year. Kings Beach gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.46%.
The five-year average increase in median property values for Kings Beach,4551 has given property investors a potential capital gain of -9.27% across each of those five years.
Our latest figures would indicate that property sellers in Kings Beach are currently offering property investors an average price cut of -5.92% below the asking price at the moment.
Kings Beach, 4551’s gross rental yield is 4.75%