QLD has seen average median house prices change by 2.00% which means that Svensson Heights, 4670 has done well for property investors by showing a capital gain of 2.08% over the last year
Svensson Heights,4670 was ranked 1075 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Svensson Heights should be aiming for at least -6.79% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $15080 per annum or $290 every week.
A suburb of the Bundaberg Region, Svensson Heights provides houses at economical rates, with the median price being less than $250,000Full summary
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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.Close