Townsville City has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -18.60% to date .
Townsville City,4810 was ranked 939 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Townsville City itself are offering an average vendor discount of -8.09% to real estate investors.
In the last year 69 properties changed hands in Townsville City, which puts it as the 141th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Townsville City being $350000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 5.42%