Bowen is in the bottom 10% in QLD when comparing median price capital growth over the last year. Bowen gave property investors a dismal capital gain figure when compared to the rest of the state, with -17.39%.
Bowen,4805 has offered an average of -17.39% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Bowen are currently offering property investors an average price cut of -15.36% below the asking price at the moment.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.26%, investors should hope to achieve an overall return of 4.74%
Property value increases in Bowen have tracked close to the QLD average of 1.87% over the last 12 months.
While Bowen,4805 ranked number 83th in QLD for increase in median house value (annualised) increase, it is ranked 147th over the last 5 years.
A $265 per week rent on the median house gives suburb investors a gross yield of circa 6.72%, without taking into account capital value appreciation, which has been averaging out at 1.87%.