If you compare the increase in value of investment property in Koongal, 4701 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 3.59%.
Koongal,4701 was ranked 2580 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Koongal is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 76th in terms of most discounted suburbs in QLD
At number 2787 in a list of fastest selling suburbs, Koongal is in the bottom 30% of suburbs in Australia with an average of days on market 104.82 for properties listed there.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 2.18%, investors should hope to achieve an overall return of 5.67%