Property investors who have had real estate in Edge Hill, 4870 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.65%
When looking at the potential capital gains offered to property investors over the last 3 years, Edge Hill comes in at number 607th in QLD.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -5.59% to real estate investors.
Situated 1389.81km from the CBD, Edge Hill is one of Cairns localities in the postcode 4870.
Giving property investors a a poor capital gain of -12.97% for the last year, Edge Hill, 4870 is the 1619th highest performer in Australia in this respect.
While Edge Hill,4870 ranked number 178th in QLD for increase in median house value (annualised) increase, it is ranked 182th over the last 5 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 Edge Hill, 4870. Typically our figures indicate that -6.25% is being offered, which puts this QLD suburb at 407th most discounted overall in Australia.
Residents and property investors in Edge Hill have been waiting around 58.94 days to sell a property.
With the median price for a house in Edge Hill being $161000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 8.07%