Property investors who have had real estate in Bungalow, 4870 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 -5.48%
While Bungalow,4870 ranked number 73th in QLD for increase in median house value (annualised) increase, it is ranked 196th over the last 5 years.
Vendor discounting in Bungalow is giving property investors an average Vendor Discount of around -8.69%. This puts suburb at number 187th in QLD when ranking the most discounted suburbs.
With the median price for a house in Bungalow being $345000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.43%
Investment property in Bungalow has done 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 -29.55%
Comparing Bungalow,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Bungalow should be aiming for at least -7.34% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Bungalow the average time real estate has been on the market is 92.51 days.
Advertised rents are around the $250 mark per week – giving a return of 8.39% based on the median price in Suburb