Durack is in the bottom 30% in QLD when comparing median price capital growth over the last year. Durack gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.75%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Durack has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Durack is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 504th in terms of most discounted suburbs in QLD
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 3.59%, investors should hope to achieve an overall return of 4.52%
Giving property investors a an unimpressive capital gain of -1.13% for the last year, Durack, 4077 is the 1231th highest performer in Australia in this respect.
Durack,4077 was ranked 1161 in Australia by increase in median property value over the quarter.
The QLD suburb of Durack, 4077 is in the Brisbane local government area.