Property investors who have had real estate in Kingaroy, 4610 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.01%
While Kingaroy,4610 ranked number 290th in QLD for increase in median house value (annualised) increase, it is ranked 666th over the last 5 years.
Property investors looking for a bargain in Kingaroy should be aiming for at least -8.14% off the asking price, which is the average vendor discount being achieved at the moment.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.73%, without taking into account capital value appreciation, which has been averaging out at 1.10%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kingaroy has fallen somewhat when compared to the 5 year average annual rate.
The QLD suburb of Kingaroy, 4610 is in the South Burnett local government area.