Investment property in Thuringowa Central has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.36%
Comparing Thuringowa Central,4817 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Thuringowa Central, 4817 is offering QLD ‘s 249th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of -0.91%, investors should hope to achieve an overall return of 5.29%
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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.