Svensson Heights, 4670 ranked 188th in QLD when comparing growth in median property values or capital gain over the last 12 months. Svensson Heights is one of 2415 in our list for QLD
Comparing Svensson Heights,4670 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Svensson Heights is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 195th in terms of most discounted suburbs in QLD
The QLD suburb of Svensson Heights, 4670 is in the Bundaberg (R) local government area.
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Low growth but strong yield
Median house price: $240,000
Three-year growth: -6.2%
Rental yield: 6.3%
A suburb of the Bundaberg Region, Svensson Heights provides houses at economical rates, with the median price being less than $250,000.
Investors should not be expecting strong growth from this suburb, however, as Svensson Heights has been reporting value decreases for quite some time. While prices have not fallen dramatically thus far, there is reason to hedge. Nonetheless, those seeking high returns can certainly reap them, as the average yield is at a remarkable 6.3%.
Svensson Heights is about 10 minutes from the Bundaberg CBD. With this city serving as a popular gateway to tourist destinations like national parks, the Great Barrier Reef and resort islands, this means Svensson Heights residents have easy access to a thriving food scene borne of a strong agriculture industry. They are also close to beaches, the city zoo and the airport.