Over the last year, property investments in Queenstown, 5014 have given investors a capital gain of -1.35%. This compares badly with the 3.04% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queenstown has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Queenstown are currently offering property investors an average price cut of -4.81% below the asking price at the moment.
Residents and property investors in Queenstown have been waiting around 29.8 days to sell a property.
Queenstown, 5014’s gross rental yield is 4.75%
Investment property in Queenstown 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 -0.92%
Taking the average capital gain, or increase in median house value, Queenstown,5014 has racked up an average of -0.92% over the period. This ranks it number 1405th in the whole country for real estate investors looking at median house price increases.
The SA suburb of Queenstown, 5014 is in the Port Adelaide Enfield local government area.