If you compare the increase in value of investment property in Proserpine, 4800 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 13.21%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Proserpine has increased when compared to the 5 year average annual rate.
At number 61th of QLD’s most discounted properties, Proserpine is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $300 mark per week – giving a return of 5.20% based on the median price in Suburb