QLD has seen average median house prices change by 2.46% which means that Cannonvale, 4802 has done well for property investors by showing a capital gain of 4.22% over the last year
Cannonvale,4802 has offered an average of 4.22% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Cannonvale are currently offering property investors an average price cut of -7.63% below the asking price at the moment.
Cannonvale, 4802’s gross rental yield is 4.67%
With a capital gain of -12.15% for the last 12 months, Cannonvale, 4802 has performed for property investments than its average annual -3.05% property growth over the last 5 years.
Across a shorter period, Cannonvale, 4802 has seen a median price increase of -0.66% over the last quarter.
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 Cannonvale, 4802. Typically our figures indicate that -7.99% is being offered, which puts this QLD suburb at 176th most discounted overall in Australia.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of -3.05%, investors should hope to achieve an overall return of 6.74%