Investment property in Westcourt has done pretty 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 -2.91%
Taking the average capital gain, or increase in median house value, Westcourt,4870 has racked up an average of -2.91% over the period. This ranks it number 2895th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Westcourt 4870 should be seeing an average reduction in asking price of around -6.86% . This means that Westcourt is holding prices well when compared to other suburbs in QLD.
The QLD suburb of Westcourt, 4870 is in the Cairns local government area.
Westcourt has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -7.38% to date .
If we look at median property appreciation over just the last three months, Westcourt has given property investors a paper return of 0.00%. This puts Suburb as 149 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -6.42% to buyers in Westcourt at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of -2.77%, investors should hope to achieve an overall return of 6.91%