If you compare the increase in value of investment property in Mission Beach, 4852 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -22.28%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mission Beach has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mission Beach should be aiming for at least -9.38% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Mission Beach being $300000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.37%
Mission Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 29.52% to date .
Property buyers and investors in Mission Beach 4852 should be seeing an average reduction in asking price of around -12.38% . This means that Mission Beach is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Mission Beach the average time real estate has been on the market is 146.3 days.