Svensson Heights has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.55% to date .
A -11.15% growth in median value for property investors in Svensson Heights,4670 puts this suburb at number 849th in terms of best performing suburbs in QLD
Property investors looking for a bargain in Svensson Heights should be aiming for at least -7.66% off the asking price, which is the average vendor discount being achieved at the moment.
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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.