At number 1369th in the list of Australian suburbs ordered by increase in median house value over the last year, Caravonica, 4878 is in the top 40% with a property value increase of 8.34% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Caravonica,4878 has racked up an average of 8.34% over the period. This ranks it number 3708th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Caravonica should be aiming for at least -8.33% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Caravonica the average time real estate has been on the market is 76.94 days.
The QLD suburb of Caravonica, 4878 is in the Cairns local government area.
Over the last year, property investments in Caravonica, 4878 have given investors a capital gain of 12.81%. This compares very favourably with the 0.98% for QLD as a whole.
Caravonica,4878 was ranked 892 in Australia by increase in median property value over the quarter.
Property buyers and investors in Caravonica 4878 should be seeing an average reduction in asking price of around -8.10% . This means that Caravonica is holding prices well when compared to other suburbs in QLD.