Property investors who have had real estate in Smithfield, 4878 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.19%
Over the longer term, Smithfield has seen property prices show investors a 9.21% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Smithfield, 4878. Typically our figures indicate that -4.83% is being offered, which puts this QLD suburb at 2645th most discounted overall in Australia.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 5.39%, without taking into account capital value appreciation, which has been averaging out at 3.70%.
With a capital gain of 1.75% for the last 12 months, Smithfield, 4878 has performed for property investments than its average annual 2.19% property growth over the last 5 years.
Over the longer term, Smithfield has seen property prices show investors a 58.09% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Smithfield are currently offering property investors an average price cut of -3.37% below the asking price at the moment.
At number 867 in a list of fastest selling suburbs, Smithfield is just in the bottom half of suburbs in Australia with an average of days on market 83.86 for properties listed there.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.