If you compare the increase in value of investment property in Edge Hill, 4870 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.37%.
Across a shorter period, Edge Hill, 4870 has seen a median price increase of 1.81% over the last quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.96% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -6.44% to real estate investors.
With a capital gain of 30.30% for the last 12 months, Edge Hill, 4870 has performed for property investments than its average annual 1.87% property growth over the last 5 years.
Comparing Edge Hill,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.45% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -8.29% to real estate investors.
Residents and property investors in Edge Hill have been waiting around 66.5238 days to sell a property.
Advertised rents are around the $287.5 mark per week – giving a return of 6.95% based on the median price in Suburb
Information supplied by:
Median House Price: $500k
Current Yield (houses): 4.8%
Average annual growth (houses): 2.3%
Median Unit Price: $185k
Current Yield (units): 7.9%
Average annual growth (units): -0.1%
Located in the sunshine state’s Cairns region, the suburb of Edge Hill is tracking an average annual growth rate of 2.3% in house values, and the median house price comes in at $500k.
“An under-supply of skilled labour, affordable housing, and a fantastic lifestyle are likely to attract out-of-towners to relocate to Cairns,” shares managing director of Propertyology, Simon Pressley, who has invested in the sun-basked region himself.
"There is an impressive list of infrastructure and major job-creating projects, including several new hotels, a sea port expansion, major convention centre upgrade, and university expansions.”