Property investors who have had real estate in Emerald, 4720 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 24.40%
A -24.15% growth in median value for property investors in Emerald,4720 puts this suburb at number 339th in terms of best performing suburbs in QLD
Property buyers and investors in Emerald 4720 should be seeing an average reduction in asking price of around -6.94% . This means that Emerald is holding prices well when compared to other suburbs in QLD.
In the last year 196 properties changed hands in Emerald, which puts it as the 47th most active market in QLD when comparing the number of sales per suburb.
If you compare the increase in value of investment property in Emerald, 4720 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -24.55%.
When looking at the potential capital gains offered to property investors over the last 3 years, Emerald comes in at number 324th in QLD.
The most recent median price for Emerald is $139000, with sellers offering an average of -12.30% off the asking price.
Residents and property investors in Emerald have been waiting around 88.5 days to sell a property.
Situated 655.79km from the CBD, Emerald is one of Central Highlands (R) (Qld) localities in the postcode 4720.
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Buyers flock to safe country town
Median unit price: $145,000
Three-year growth: 31.3%
Rental yield: 8.4%
A rural suburb of central Queensland, Emerald is around 265km west of Rockhampton and is home to around 14,500 people. A traditional country town in every sense of the word, this is the type of neighbourhood where residents can keep their doors unlocked.
Locals enjoy activities such as fishing at Lake Maraboon, visiting the gem fields, enjoying the modern sporting and recreation venues. For families there are several good schooling options, too.
Landlords who are seeking affordable investments may consider this type of market, particularly as almost 45% of local residents are tenants, ensuring a steady stream of potential applicants for your rental home. Flats and apartments comprise just 8% of local dwelling stock, with freestanding houses the more popular style with local families.