Thuringowa Central, 4817 ranked 818th in QLD when comparing growth in median property values or capital gain over the last 12 months. Thuringowa Central is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Thuringowa Central has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Thuringowa Central are currently offering property investors an average price cut of -9.54% below the asking price at the moment.
Residents and property investors in Thuringowa Central have been waiting around 117.882 days to sell a property.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
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Affordability attracts buyers
Median house price: $320,000
Three-year growth: 2.4%
Rental yield: 4.9%
In far-north Queensland, the suburb of Thuringowa Central is embarking on a journey of significant growth.
In the year leading up to April 2018, the housing market recorded a jump of 16.4% in prices. Over the April 2018 quarter alone, values increased by a further 17.6%. Nonetheless, houses remain very affordable at a median value of $320,000. Investors can gain a high average return of 4.9%; coupled with the area’s affordability, this could be why such properties spend an average of only 39 days on the market.
Thuringowa Central is shaped like an inverted T. The commercial area lies in the heart of the suburb, with the banks of the Ross River serving as a spot for recreation. The suburb is served by Willows Shopping Centre and the local library, which was recently refurbished.