With a capital gain of 2.84% for the last 12 months, Mountain Creek, 4557 has performed for property investments than its average annual 2.63% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Mountain Creek,4557 has racked up an average of 2.84% over the period. This ranks it number 2850th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Mountain Creek is offering property investors an average of -6.98. This rate of discount on properties puts Suburb at number 778th in terms of most discounted suburbs in QLD
Residents and property investors in Mountain Creek have been waiting around 61.44 days to sell a property.
With the median price for a house in Mountain Creek being $552000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 4.71%
Mountain Creek is in the TOP 10% in QLD when comparing median price capital growth over the last year. Mountain Creek gave property investors a very good capital gain figure when compared to the rest of the state, with 12.77%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mountain Creek has increased when compared to the 5 year average annual rate.
Vendor discounting in Mountain Creek is giving property investors an average Vendor Discount of around -3.63%. This puts suburb at number 281th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.83%, investors should hope to achieve an overall return of 5.21%