Over the last year, property investments in South Townsville, 4810 have given investors a capital gain of 2.45%. This compares averagely with the 2.44% for QLD as a whole.
South Townsville,4810 has offered an average of 2.45% return per annum in house price rises to property investors over the last three years.
The most recent median price for South Townsville is $335000, with sellers offering an average of -8.51% off the asking price.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 0.33%.
Investment property in South Townsville has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -19.08%
Property investors looking for a bargain in South Townsville should be aiming for at least -5.39% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in South Townsville have been waiting around 107.2 days to sell a property.
With the median price for a house in South Townsville being $317600 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.40%