If you compare the increase in value of investment property in Wishart, 4122 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.02%.
Wishart,4122 has offered an average of -2.02% return per annum in house price rises to property investors over the last three years.
The most recent median price for Wishart is $726500, with sellers offering an average of -4.92% off the asking price.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
At number 849th in the list of Australian suburbs ordered by increase in median house value over the last year, Wishart, 4122 is in the BOTTOM 50% with a property value increase of -0.51% recorded in median house prices.
Over the longer term, Wishart has seen property prices show investors a -3.31% return over the last 3 years. This is an improvement over the last 12 months
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 1.14%, investors should hope to achieve an overall return of 5.41%
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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.