At number 3600th in the list of Australian suburbs ordered by increase in median house value over the last year, Whitfield, 4870 is in the BOTTOM 20% with a property value increase of -6.66% recorded in median house prices.
The five-year average increase in median property values for Whitfield,4870 has given property investors a potential capital gain of 4.19% across each of those five years.
Property buyers and investors in Whitfield 4870 should be seeing an average reduction in asking price of around -9.05% . This means that Whitfield is holding prices well when compared to other suburbs in QLD.
With a capital gain of 10.67% for the last 12 months, Whitfield, 4870 has performed for property investments than its average annual 2.45% property growth over the last 5 years.
Comparing Whitfield,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Whitfield itself are offering an average vendor discount of -10.65% to real estate investors.
In the last year 20 properties changed hands in Whitfield, which puts it as the 297th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 6.25%