Property value increases in Edmonton have tracked close to the QLD average of 2.38% over the last 12 months.
A 12.34% growth in median value for property investors in Edmonton,4869 puts this suburb at number 471th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Edmonton is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 416th in terms of most discounted suburbs in QLD
Situated 1378.66km from the CBD, Edmonton is one of Cairns localities in the postcode 4869.
Over the last year, property investments in Edmonton, 4869 have given investors a capital gain of 7.15%. This compares very favourably with the 0.65% for QLD as a whole.
Over the longer term, Edmonton has seen property prices show investors a 18.04% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Edmonton is $175000, with sellers offering an average of -3.36% off the asking price.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of 2.04%, investors should hope to achieve an overall return of 6.83%