Investment property in Garbutt has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.36%
The five-year average increase in median property values for Garbutt,4814 has given property investors a potential capital gain of -13.10% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Garbutt is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Garbutt the average time real estate has been on the market is 106.95 days.
A $282.5 per week rent on the median house gives suburb investors a gross yield of circa 5.83%, without taking into account capital value appreciation, which has been averaging out at 1.28%.
Garbutt has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -48.36% to date .
Garbutt,4814 was ranked 1700 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Garbutt should be aiming for at least -11.57% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $250 weekly from the median priced house in this suburb.