Property investors who have had real estate in Dysart, 4745 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Sellers are offering property buyers an average discount of -12.41% to buyers in Dysart at the moment, which is less than average for the rest of QLD.
At number 2345 in a list of fastest selling suburbs, Dysart is in the bottom 40% of suburbs in Australia with an average of days on market 91.21 for properties listed there.
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.