Thuringowa Central has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -12.50% to date .
A -11.81% growth in median value for property investors in Thuringowa Central,4817 puts this suburb at number 810th in terms of best performing suburbs in QLD
Property buyers and investors in Thuringowa Central 4817 should be seeing an average reduction in asking price of around -9.86% . This means that Thuringowa Central is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Thuringowa Central being $280000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.76%
Information supplied by:
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.