With a capital gain of 37.04% for the last 12 months, Dysart, 4745 has performed for property investments than its average annual -5.83% property growth over the last 5 years.
Across a shorter period, Dysart, 4745 has seen a median price increase of 17.09% over the last quarter.
Dysart4745 is located in QLD which offers an average discount of -6.98% to property investors. Dysart itself is showing figures that indicate -13.57% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.
Renters in Suburb are facing rents around $2040 per annum or $170 every week.
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.