Condon is in the bottom 10% in QLD when comparing median price capital growth over the last year. Condon gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.37%.
Taking the average capital gain, or increase in median house value, Condon,4815 has racked up an average of -11.37% over the period. This ranks it number 3897th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Condon is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 153th in terms of most discounted suburbs in QLD
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at -0.39%.