South Townsville has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.99% to date .
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 increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that South Townsville is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 251th in terms of most discounted suburbs in QLD
Situated 1107.17km from the CBD, South Townsville is one of Townsville localities in the postcode 4810.
Property value increases in South Townsville have tracked lower than the QLD average of 0.29% over the last 12 months.
Over the longer term, South Townsville has seen property prices show investors a -21.05% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -5.64% to buyers in South Townsville at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in South Townsville the average time real estate has been on the market is 89.7 days.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at -0.23%.