Property value increases in Longreach have tracked lower than the QLD average of 2.44% over the last 12 months.
The five-year average increase in median property values for Longreach,4730 has given property investors a potential capital gain of -30.56% across each of those five years.
Property investors looking for a bargain in Longreach should be aiming for at least -19.26% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
With the median price for a house in Longreach being $162500 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 8.00%