If you compare the increase in value of investment property in Allenstown, 4700 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.93%.
While Allenstown,4700 ranked number 760th in QLD for increase in median house value (annualised) increase, it is ranked 688th over the last 5 years.
Vendor discounting in Allenstown is giving property investors an average Vendor Discount of around -11.14%. This puts suburb at number 76th in QLD when ranking the most discounted suburbs.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at 0.34%.
At number 797th 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 5.08% recorded in median house prices.
Allenstown,4700 has offered an average of 5.08% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Allenstown should be aiming for at least -6.58% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Allenstown have been waiting around 127.63 days to sell a property.
Advertised rents are around the $280 mark per week – giving a return of 4.70% based on the median price in Suburb