With a capital gain of 8.20% for the last 12 months, Queenstown, 5014 has performed for property investments than its average annual 4.79% property growth over the last 5 years.
While Queenstown,5014 ranked number 393th in SA for increase in median house value (annualised) increase, it is ranked 152th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Queenstown itself are offering an average vendor discount of -3.83% to real estate investors.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Property value increases in Queenstown have tracked higher than the SA average of 3.97% over the last 12 months.
If we look at median property appreciation over just the last three months, Queenstown has given property investors a paper return of 4.62%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in SA
LACK OF BUYER INTEREST may well be the reason that Queenstown is offering property investors an average of -6.40. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in SA
Situated 11.00km from the CBD, Queenstown is one of Port Adelaide Enfield localities in the postcode 5014.