At number 3882th in the list of Australian suburbs ordered by increase in median house value over the last year, Andergrove, 4740 is in the BOTTOM 10% with a property value increase of -11.24% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Andergrove comes in at number 829th in QLD.
Our latest figures would indicate that property sellers in Andergrove are currently offering property investors an average price cut of -14.48% below the asking price at the moment.
Residents and property investors in Andergrove have been waiting around 95 days to sell a property.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.55%, without taking into account capital value appreciation, which has been averaging out at -1.33%.
Property investors should expect to get $250 weekly from the median priced house in this suburb.