Investment property in Wishart 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 0.37%
If we look at median property appreciation over just the last three months, Wishart has given property investors a paper return of -1.76%. This puts Suburb as 641 on a list of fastest fasting appreciating suburbs in QLD
Wishart, 4122 is offering QLD ‘s 581th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.
On average over the past year, suburb has had 8.50 sales per month, which equates to 102 per year.
Wishart is 694th on a list of best yielding suburbs for rents in QLD with a 3.58% return
Over the last year, property investments in Wishart, 4122 have given investors a capital gain of -2.84%. This compares badly with the -0.57% for QLD as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Wishart comes in at number 214th in QLD.
At number 396 in a list of fastest selling suburbs, Wishart is in the TOP 40% of suburbs in Australia with an average of days on market 68.3333 for properties listed there.
A $425 per week rent on the median house gives suburb investors a gross yield of circa 5.62%, without taking into account capital value appreciation, which has been averaging out at 1.31%.
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Wishart is a good spot to look at picking up an investment property to make the most of its student and young professional crowd, and it’s units and townhouses in this area that score well for affordability.
“It’s just so central. You can normally pick up a three-bedroom, two-bathroom unit for example, for anywhere from $400-$460,000,” says Hot Property Specialists managing director Liz Wilcox.
Larger units and townhouses are popular, particularly among students looking to club together in shared accommodation.
At Wishart’s median unit price you’re likely to be able to pick up a two-bedroom property in an older complex, but Wilcox suggests that larger, newer units are in higher demand from tenants.
“You’re better off going just above the average and getting the three-bed, two-bath, units or townhouses that are a lot newer and better for depreciation from an investment point of view,” she says.