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 -2.82%
The most recent median price for Bungalow is $345000, with sellers offering an average of -9.95% off the asking price.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
The QLD suburb of Bungalow, 4870 is in the Cairns local government area.
QLD has seen average median house prices change by 0.29% which means that Bungalow, 4870 has done well for property investors by showing a capital gain of -30.91% over the last year
If we look at median property appreciation over just the last three months, Bungalow has given property investors a paper return of -1.94%. This puts Suburb as 262 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in Bungalow are currently offering property investors an average price cut of -6.18% below the asking price at the moment.
Bungalow is 6th on a list of best yielding suburbs for rents in QLD with a 8.55% return