Property investors who have had real estate in Oonoonba, 4811 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -31.30%
Our latest figures would indicate that property sellers in Oonoonba are currently offering property investors an average price cut of -8.73% below the asking price at the moment.
Often selling an investment property can take time, and in Oonoonba the average time real estate has been on the market is 63.42 days.
A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 7.83%, without taking into account capital value appreciation, which has been averaging out at 0.67%.
Investment property in Oonoonba has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 26.42%
Situated 663.48km from the CBD, Oonoonba is one of Townsville localities in the postcode 4811.