Queenstown, 5014 ranked 269th in SA when comparing growth in median property values or capital gain over the last 12 months. Queenstown is one of 853 in our list for SA
Taking the average capital gain, or increase in median house value, Queenstown,5014 has racked up an average of 1.27% over the period. This ranks it number 1861th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Queenstown itself are offering an average vendor discount of -4.69% to real estate investors.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Advertised rents are around the $355 mark per week – giving a return of 4.61% based on the median price in Suburb
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 14.53%
While Queenstown,5014 ranked number 10th in SA for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.
Property buyers and investors in Queenstown 5014 should be seeing an average reduction in asking price of around -5.48% . This means that Queenstown is holding prices well when compared to other suburbs in SA.