Property investors who have had real estate in Tin Can Bay, 4580 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.94%
Tin Can Bay,4580 has offered an average of 6.94% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Tin Can Bay should be aiming for at least -8.34% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Tin Can Bay have been waiting around 160.16 days to sell a property.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 0.39%.
Investment property in Tin Can Bay 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 -23.09%
With the median price for a house in Tin Can Bay being $211500 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 5.53%