Investment property in Whitfield 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 -4.68%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Whitfield has increased when compared to the 5 year average annual rate.
Vendor discounting in Whitfield is giving property investors an average Vendor Discount of around -9.23%. This puts suburb at number 160th in QLD when ranking the most discounted suburbs.
With the median price for a house in Whitfield being $489000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.57%
Over the last year, property investments in Whitfield, 4870 have given investors a capital gain of -1.32%. This compares badly with the 1.47% for QLD as a whole.
The five-year average increase in median property values for Whitfield,4870 has given property investors a potential capital gain of -6.46% across each of those five years.
Property buyers and investors in Whitfield 4870 should be seeing an average reduction in asking price of around -7.97% . This means that Whitfield is holding prices well when compared to other suburbs in QLD.
At number 842 in a list of fastest selling suburbs, Whitfield is just in the bottom half of suburbs in Australia with an average of days on market 78.89 for properties listed there.