Giving property investors a an unimpressive capital gain of 1.84% for the last year, Urangan, 4655 is the 2645th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Urangan has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Urangan is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 318th in terms of most discounted suburbs in QLD
In the last year 190 properties changed hands in Urangan, which puts it as the 70th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Urangan being $318000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.07%
Urangan has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -5.45% to date .
While Urangan,4655 ranked number 160th in QLD for increase in median house value (annualised) increase, it is ranked 252th over the last 5 years.
The most recent median price for Urangan is $260000, with sellers offering an average of -8.05% off the asking price.
Advertised rents are around the $317.5 mark per week – giving a return of 6.35% based on the median price in Suburb