Investment property in Dysart has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -22.78%
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Dysart, 4745. Typically our figures indicate that -16.03% is being offered, which puts this QLD suburb at 39th most discounted overall in Australia.
Using the current median advertised rental of $170 and the average annual increase in value of a median property of 2.91%, investors should hope to achieve an overall return of 12.72%
Dysart’s main drawcard is its spectacular rental market. The town was established in 1973 to service the local mines, and it hasn’t looked back since.Full summary
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Dysart’s main drawcard is its spectacular rental market. The town was established in 1973 to service the local mines, and it hasn’t looked back since.
“As a mining community, the Dysart real estate market is heavily geared towards rental accommodation which has placed incredible pressure on rents,” explains PRDnationwide’s Josh Brown. “Accordingly, Dysart is a market which is purely suited to investors who chasing high yields.”
Contributing to Dysart's strong yields are its strikingly low rental vacancy rate, an average weekly family income that was more than double the state average at last count ($2312 vs $1123) and a rental market that’s expected by SQM Research to make up 75% of the population by 2016. All in all, the Dysart rental market’s looking extremely strong.
Listings show a good selection of three-bedroom-plus houses, both high- and low-set, on blocks of over 800m2. Tenants are often already in place but, given Dysart’s super tight rental market, filling a vacant property won’t be an issue.
Dysart is a bit on the remote front, with Mackay and Rockhampton being around a three- and four-hour drive away respectively, but its amenities serve the local mining families just fine. The town has a handful of eating establishments, a supermarket, a couple of pubs, and a primary and secondary school. It’s also home to the Big Belly Dump Truck and Railway Coal Wagon Monument.