Koongal is in the bottom 20% in QLD when comparing median price capital growth over the last year. Koongal gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.17%.
While Koongal,4701 ranked number 698th in QLD for increase in median house value (annualised) increase, it is ranked 667th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Koongal is offering property investors an average of -6.98. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in QLD
Advertised rents are around the $250 mark per week – giving a return of 5.65% based on the median price in Suburb