Edge Hill, 4870 ranked 70th in QLD when comparing growth in median property values or capital gain over the last 12 months. Edge Hill is one of 2415 in our list for QLD
If we look at median property appreciation over just the last three months, Edge Hill has given property investors a paper return of 3.70%. This puts Suburb as 137 on a list of fastest fasting appreciating suburbs in QLD
Edge Hill, 4870 is offering QLD ‘s 216th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
Property value increases in Edge Hill have tracked higher than the QLD average of -0.58% over the last 12 months.
A 14.53% growth in median value for property investors in Edge Hill,4870 puts this suburb at number 163th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Edge Hill are currently offering property investors an average price cut of -7.98% below the asking price at the moment.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 1.44%, investors should hope to achieve an overall return of 7.23%
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.”