At number 3520th 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 -4.86% 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 0.76%. This puts Suburb as 401 on a list of fastest fasting appreciating suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Townsville, 4810. Typically our figures indicate that -8.46% is being offered, which puts this QLD suburb at 678th most discounted overall in Australia.
South Townsville has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -14.23% to date .
LACK OF BUYER INTEREST may well be the reason that South Townsville is offering property investors an average of -6.05. This rate of discount on properties puts Suburb at number 204th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.44%, investors should hope to achieve an overall return of 5.20%