Bungalow, 4870 ranked 214th in QLD when comparing growth in median property values or capital gain over the last 12 months. Bungalow is one of 2415 in our list for QLD
Bungalow,4870 has offered an average of 7.58% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bungalow, 4870. Typically our figures indicate that -7.89% is being offered, which puts this QLD suburb at 801th most discounted overall in Australia.
Often selling an investment property can take time, and in Bungalow the average time real estate has been on the market is 67.46 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 3.57%.
While Bungalow,4870 ranked number 105th in QLD for increase in median house value (annualised) increase, it is ranked 57th over the last 5 years.
Vendor discounting in Bungalow is giving property investors an average Vendor Discount of around -7.76%. This puts suburb at number 39th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Using the current median advertised rental of $247.5 and the average annual increase in value of a median property of 5.53%, investors should hope to achieve an overall return of 5.97%