Over the last year, property investments in Scarness, 4655 have given investors a capital gain of 0.00%. This compares badly with the 2.22% for QLD as a whole.
Over the longer term, Scarness has seen property prices show investors a 1.89% return over the last 3 years. This is worse than over the last 12 months
Scarness4655 is located in QLD which offers an average discount of -7.23% to property investors. Scarness itself is showing figures that indicate -7.88% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $295 mark per week – giving a return of 5.68% based on the median price in Suburb
Property value increases in Scarness have tracked just lower than the QLD average of 1.23% over the last 12 months.
While Scarness,4655 ranked number 191th in QLD for increase in median house value (annualised) increase, it is ranked 253th over the last 5 years.
Sellers are offering property buyers an average discount of -8.94% to buyers in Scarness at the moment, which is less than average for the rest of QLD.
With the median price for a house in Scarness being $262750 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.74%