With a capital gain of -9.44% for the last 12 months, South Townsville, 4810 has performed for property investments than its average annual 2.41% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Townsville has fallen somewhat when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in South Townsville itself are offering an average vendor discount of -8.14% to real estate investors.
The QLD suburb of South Townsville, 4810 is in the Townsville local government area.
South Townsville is in the bottom 10% in QLD when comparing median price capital growth over the last year. South Townsville gave property investors a dismal capital gain figure when compared to the rest of the state, with -26.73%.
South Townsville,4810 was ranked 1389 in Australia by increase in median property value over the quarter.
Property buyers and investors in South Townsville 4810 should be seeing an average reduction in asking price of around -4.57% . This means that South Townsville is holding prices well when compared to other suburbs in QLD.
In the last year 27 properties changed hands in South Townsville, which puts it as the 259th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.