With a capital gain of 7.55% for the last 12 months, Thuringowa Central, 4817 has performed for property investments than its average annual -1.59% property growth over the last 5 years.
Thuringowa Central,4817 was ranked 3883 in Australia by increase in median property value over the quarter.
Vendor discounting in Thuringowa Central is giving property investors an average Vendor Discount of around -4.50%. This puts suburb at number 660th in QLD when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Thuringowa Central the average time real estate has been on the market is 49.41 days.
Thuringowa Central, 4817’s gross rental yield is 5.47%
In far-north Queensland, the suburb of Thuringowa Central is embarking on a journey of significant growthFull summary
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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.Close