Investment property in Westcourt 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 -4.11%
At number 294th of QLD’s most discounted properties, Westcourt is in the bottom 40% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Westcourt being $350000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.65%
With a capital gain of -5.11% for the last 12 months, Westcourt, 4870 has performed for property investments than its average annual -1.69% property growth over the last 5 years.
Comparing Westcourt,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Westcourt is giving property investors an average Vendor Discount of around -6.05%. This puts suburb at number 110th in QLD when ranking the most discounted suburbs.
Situated 1386.34km from the CBD, Westcourt is one of Cairns localities in the postcode 4870.