Longreach has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -22.61% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Longreach has fallen somewhat when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Longreach itself are offering an average vendor discount of -15.98% to real estate investors.
Residents and property investors in Longreach have been waiting around 114.18 days to sell a property.
Longreach, 4730’s gross rental yield is 7.30%