Bowen has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.35% to date .
The five-year average increase in median property values for Bowen,4805 has given property investors a potential capital gain of 1.12% across each of those five years.
Property investors looking for a bargain in Bowen should be aiming for at least -9.15% off the asking price, which is the average vendor discount being achieved at the moment.
At number 3378 in a list of fastest selling suburbs, Bowen is in the bottom 10% of suburbs in Australia with an average of days on market 135.3 for properties listed there.
With the median price for a house in Bowen being $360000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.33%
Bowen, 4805 ranked 359th in QLD when comparing growth in median property values or capital gain over the last 12 months. Bowen is one of 2408 in our list for QLD
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.
In the last year 27 properties changed hands in Bowen, which puts it as the 242th most active market in QLD when comparing the number of sales per suburb.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 7.80%, without taking into account capital value appreciation, which has been averaging out at 16.42%.