Alice River has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -14.56% to date .
While Alice River,4817 ranked number 775th in QLD for increase in median house value (annualised) increase, it is ranked 611th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Alice River is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 197th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.