Investment property in Woree has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.22%
Woree,4868 was ranked 3057 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Woree are currently offering property investors an average price cut of -8.60% below the asking price at the moment.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
The QLD suburb of Woree, 4868 is in the Cairns local government area.
If you compare the increase in value of investment property in Woree, 4868 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -11.11%.
The five-year average increase in median property values for Woree,4868 has given property investors a potential capital gain of -18.64% across each of those five years.
Sellers are offering property buyers an average discount of -11.68% to buyers in Woree at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Woree the average time real estate has been on the market is 87.12 days.