Property investors who have had real estate in Lammermoor, 4703 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.54%
Lammermoor,4703 was ranked 3149 in Australia by increase in median property value over the quarter.
Vendor discounting in Lammermoor is giving property investors an average Vendor Discount of around -7.25%. This puts suburb at number 331th in QLD when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Lammermoor the average time real estate has been on the market is 79.12 days.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 2.84%.
QLD has seen average median house prices change by 0.77% which means that Lammermoor, 4703 has done well for property investors by showing a capital gain of -8.72% over the last year
Over the longer term, Lammermoor has seen property prices show investors a -14.48% return over the last 3 years. This is an improvement over the last 12 months
With the median price for a house in Lammermoor being $335000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.43%