Over the last year, property investments in Svensson Heights, 4670 have given investors a capital gain of 0.84%. This compares averagely with the 1.35% for QLD as a whole.
Comparing Svensson Heights,4670 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Svensson Heights is giving property investors an average Vendor Discount of around -7.63%. This puts suburb at number 195th in QLD when ranking the most discounted suburbs.
At number 1657 in a list of fastest selling suburbs, Svensson Heights is just in the top half of suburbs in Australia with an average of days on market 69.75 for properties listed there.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.50%, without taking into account capital value appreciation, which has been averaging out at -0.36%.
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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.