Over the last year, property investments in Queenstown, 5014 have given investors a capital gain of 7.12%. This compares favourably with the 3.04% for SA as a whole.
Across a shorter period, Queenstown, 5014 has seen a median price increase of 3.80% over the last quarter.
Our latest figures would indicate that property sellers in Queenstown are currently offering property investors an average price cut of -4.22% below the asking price at the moment.
Investment property in Queenstown has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 32.23%
The five-year average increase in median property values for Queenstown,5014 has given property investors a potential capital gain of 24.22% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Queenstown is offering property investors an average of -6.30. This rate of discount on properties puts Suburb at number 146th in terms of most discounted suburbs in SA
In the last year 13 properties changed hands in Queenstown, which puts it as the 168th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Queenstown being $338500 and the advertised rent reaching $277.5 the gross rental yield for property investors calculates out to be 4.26%