At number 3644th in the list of Australian suburbs ordered by increase in median house value over the last year, South Townsville, 4810 is in the BOTTOM 20% with a property value increase of -7.14% recorded in median house prices.
If we look at median property appreciation over just the last three months, South Townsville has given property investors a paper return of -5.80%. This puts Suburb as 774 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that South Townsville is offering property investors an average of -7.23. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in QLD
With the median price for a house in South Townsville being $325000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 5.20%
QLD has seen average median house prices change by 1.23% which means that South Townsville, 4810 has done well for property investors by showing a capital gain of -29.65% over the last year
Taking the average capital gain, or increase in median house value, South Townsville,4810 has racked up an average of -29.65% over the period. This ranks it number 1390th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in South Townsville 4810 should be seeing an average reduction in asking price of around -5.10% . This means that South Townsville is holding prices well when compared to other suburbs in QLD.
In the last year 25 properties changed hands in South Townsville, which puts it as the 267th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of South Townsville, 4810 is in the Townsville local government area.