At number 3604th in the list of Australian suburbs ordered by increase in median house value over the last year, Pimlico, 4812 is in the BOTTOM 20% with a property value increase of -6.62% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pimlico has fallen somewhat when compared to the 5 year average annual rate.
At number 97th of QLD’s most discounted properties, Pimlico is in the bottom 20% of the state/territory when listing in order of most discounted to least.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 1.69%.
Pimlico is in the bottom 10% in QLD when comparing median price capital growth over the last year. Pimlico gave property investors a dismal capital gain figure when compared to the rest of the state, with -22.33%.
Pimlico,4812 was ranked 1135 in Australia by increase in median property value over the quarter.
Vendor discounting in Pimlico is giving property investors an average Vendor Discount of around -17.43%. This puts suburb at number 2nd in QLD when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Pimlico the average time real estate has been on the market is 108.38 days.
Pimlico, 4812’s gross rental yield is 6.50%