Property investors who have had real estate in Wongaling Beach, 4852 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.21%
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Wongaling Beach itself are offering an average vendor discount of -12.47% to real estate investors.
Situated 1275.75km from the CBD, Wongaling Beach is one of Cassowary Coast localities in the postcode 4852.
Giving property investors a a solid capital gain of 18.07% for the last year, Wongaling Beach, 4852 is the 146th highest performer in Australia in this respect.
Across a shorter period, Wongaling Beach, 4852 has seen a median price increase of 8.89% over the last quarter.
Vendor discounting in Wongaling Beach is giving property investors an average Vendor Discount of around -11.37%. This puts suburb at number 14th in QLD when ranking the most discounted suburbs.
Advertised rents are around the $260 mark per week – giving a return of 5.52% based on the median price in Suburb