At number 1797th in the list of Australian suburbs ordered by increase in median house value over the last year, Allenstown, 4700 is in the top half with a property value increase of 5.71% recorded in median house prices.
Over the longer term, Allenstown has seen property prices show investors a -0.77% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Allenstown, 4700. Typically our figures indicate that -13.63% is being offered, which puts this QLD suburb at 109th most discounted overall in Australia.
A $262.5 per week rent on the median house gives suburb investors a gross yield of circa 5.27%, without taking into account capital value appreciation, which has been averaging out at 4.51%.
If we look at median property appreciation over just the last three months, Allenstown has given property investors a paper return of 3.33%. This puts Suburb as 59 on a list of fastest fasting appreciating suburbs in QLD
Property investors should expect to get $285 weekly from the median priced house in this suburb.