With a capital gain of -5.55% for the last 12 months, Emerald, 4720 has performed for property investments than its average annual -2.30% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Emerald,4720 has racked up an average of -5.55% over the period. This ranks it number 4083th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Emerald should be aiming for at least -13.76% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
With a capital gain of 14.29% for the last 12 months, Emerald, 4720 has performed for property investments than its average annual -2.23% property growth over the last 5 years.
Our latest figures would indicate that property sellers in Emerald are currently offering property investors an average price cut of -14.66% below the asking price at the moment.
A $200 per week rent on the median house gives suburb investors a gross yield of circa 5.78%, without taking into account capital value appreciation, which has been averaging out at -2.23%.