Wishart is an average performer in QLD when comparing median price capital growth over the last year. Wishart gave property investors a good capital gain figure when compared to the rest of the state, with 15.34%.
A 22.92% growth in median value for property investors in Wishart,4122 puts this suburb at number 357th in terms of best performing suburbs in QLD
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Wishart itself are offering an average vendor discount of -2.41% to real estate investors.
On average over the past year, suburb has had 10.58 sales per month, which equates to 127 per year.
Advertised rents are around the $535 mark per week – giving a return of 3.30% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -0.58% for the last year, Wishart, 4122 is the 1298th highest performer in Australia in this respect.
Comparing Wishart,4122 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Residents and property investors in Wishart have been waiting around 31.3333 days to sell a property.
Advertised rents are around the $415 mark per week – giving a return of 5.02% based on the median price in Suburb
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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.