Property investors who have had real estate in Alice River, 4817 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alice River has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Alice River should be aiming for at least -8.62% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.75%, investors should hope to achieve an overall return of 4.57%