Investment property in Bowen has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.60%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowen has fallen somewhat when compared to the 5 year average annual rate.
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 Bowen, 4805. Typically our figures indicate that -13.16% is being offered, which puts this QLD suburb at 97th most discounted overall in Australia.
With the median price for a house in Bowen being $255000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.51%
Bowen,4805 was ranked 532 in Australia by increase in median property value over the quarter.
The QLD suburb of Bowen, 4805 is in the Whitsunday local government area.