Cannonvale has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.94% to date .
Across a shorter period, Cannonvale, 4802 has seen a median price increase of -0.23% over the last quarter.
Sellers are offering property buyers an average discount of -8.07% to buyers in Cannonvale at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Cannonvale the average time real estate has been on the market is 114.72 days.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at -0.76%.
At number 1459th in the list of Australian suburbs ordered by increase in median house value over the last year, Cannonvale, 4802 is in the BOTTOM 20% with a property value increase of -5.91% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cannonvale has fallen somewhat when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Cannonvale is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 65th in terms of most discounted suburbs in QLD
In the last year 88 properties changed hands in Cannonvale, which puts it as the 115th most active market in QLD when comparing the number of sales per suburb.
Cannonvale, 4802’s gross rental yield is 6.31%