Algester has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.54% to date .
Algester,4115 was ranked 2781 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Algester is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 641th in terms of most discounted suburbs in QLD
In the last year 103 properties changed hands in Algester, which puts it as the 179th most active market in QLD when comparing the number of sales per suburb.
Algester, 4115 ranked 217th in QLD when comparing growth in median property values or capital gain over the last 12 months. Algester is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Algester has fallen somewhat when compared to the 5 year average annual rate.
Algester, 4115 is offering QLD ‘s 25th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
At number 1222 in a list of fastest selling suburbs, Algester is in the bottom 10% of suburbs in Australia with an average of days on market 121.4 for properties listed there.
Property investors should expect to get $345 weekly from the median priced house in this suburb.