Thuringowa Central is in the bottom 20% in QLD when comparing median price capital growth over the last year. Thuringowa Central gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.36%.
When looking at the potential capital gains offered to property investors over the last 3 years, Thuringowa Central comes in at number 705th in QLD.
Vendor discounting in Thuringowa Central is giving property investors an average Vendor Discount of around -5.93%. This puts suburb at number 421th in QLD when ranking the most discounted suburbs.
With the median price for a house in Thuringowa Central being $265000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 6.87%
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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.