Giving property investors a an unimpressive capital gain of -0.44% for the last year, Kewarra Beach, 4879 is the 3117th highest performer in Australia in this respect.
A 16.88% growth in median value for property investors in Kewarra Beach,4879 puts this suburb at number 792th in terms of best performing suburbs in QLD
The most recent median price for Kewarra Beach is $450000, with sellers offering an average of -5.89% off the asking price.
Situated 1403.71km from the CBD, Kewarra Beach is one of Cairns localities in the postcode 4879.
Investment property in Kewarra Beach has done pretty 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 -3.85%
While Kewarra Beach,4879 ranked number 220th in QLD for increase in median house value (annualised) increase, it is ranked 235th over the last 5 years.
Property buyers and investors in Kewarra Beach 4879 should be seeing an average reduction in asking price of around -7.08% . This means that Kewarra Beach is holding prices well when compared to other suburbs in QLD.
Often selling an investment property can take time, and in Kewarra Beach the average time real estate has been on the market is 133.08 days.
With the median price for a house in Kewarra Beach being $375000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.85%