If you compare the increase in value of investment property in Coral Cove, 4670 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.72%.
Coral Cove,4670 was ranked 2380 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Coral Cove itself are offering an average vendor discount of -9.67% to real estate investors.
A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 0.03%.
Investment property in Coral Cove has done pretty 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 -2.89%
Coral Cove, 4670 is offering QLD ‘s 9th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
Using the current median advertised rental of $345 and the average annual increase in value of a median property of 2.48%, investors should hope to achieve an overall return of 6.46%