At number 2579th in the list of Australian suburbs ordered by increase in median house value over the last year, Garbutt, 4814 is in the BOTTOM 40% with a property value increase of 3.38% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Garbutt,4814 has racked up an average of 3.38% over the period. This ranks it number 3856th in the whole country for real estate investors looking at median house price increases.
At number 287th of QLD’s most discounted properties, Garbutt is in the bottom 40% of the state/territory when listing in order of most discounted to least.
At number 2945 in a list of fastest selling suburbs, Garbutt is in the bottom 30% of suburbs in Australia with an average of days on market 105.79 for properties listed there.
Advertised rents are around the $280 mark per week – giving a return of 5.60% based on the median price in Suburb
If you compare the increase in value of investment property in Garbutt, 4814 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -14.43%.
The five-year average increase in median property values for Garbutt,4814 has given property investors a potential capital gain of 4.40% across each of those five years.
Using the current median advertised rental of $245 and the average annual increase in value of a median property of 4.48%, investors should hope to achieve an overall return of 6.14%