With a capital gain of 18.67% for the last 12 months, Caravonica, 4878 has performed for property investments than its average annual 3.72% property growth over the last 5 years.
Over the longer term, Caravonica has seen property prices show investors a 11.25% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Caravonica is giving property investors an average Vendor Discount of around -5.72%. This puts suburb at number 488th in QLD when ranking the most discounted suburbs.
Situated 1396.38km from the CBD, Caravonica is one of Cairns localities in the postcode 4878.
While Caravonica,4878 ranked number 95th in QLD for increase in median house value (annualised) increase, it is ranked 310th over the last 5 years.
Property buyers and investors in Caravonica 4878 should be seeing an average reduction in asking price of around -7.70% . This means that Caravonica is holding prices well when compared to other suburbs in QLD.