Daisy Hill has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.32% to date .
Taking the average capital gain, or increase in median house value, Daisy Hill,4127 has racked up an average of -4.32% over the period. This ranks it number 2644th in the whole country for real estate investors looking at median house price increases.
Daisy Hill, 4127 is offering QLD ‘s 518th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.
Often selling an investment property can take time, and in Daisy Hill the average time real estate has been on the market is 60.8929 days.
Situated 22.46km from the CBD, Daisy Hill is one of Logan (C) localities in the postcode 4127.
Property value increases in Daisy Hill have tracked lower than the QLD average of -0.57% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Daisy Hill has fallen somewhat when compared to the 5 year average annual rate.
In the last year 12 properties changed hands in Daisy Hill, which puts it as the 302th most active market in QLD when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 6.50%, without taking into account capital value appreciation, which has been averaging out at -0.25%.
Information supplied by:
Nature hub struggles
Median unit price: $309,000
Three-year growth: 5.5%
Rental yield: 5.8%
Covering a part of Daisy Hill Conservation Park, the suburb of Daisy Hill in Logan City is showing signs of slipping.
In the year leading up to March 2018, apartment values stumbled slightly by 1.5%, with the three months to March 2018 showing a 0.7% dip. This cuts off a pattern of positive growth recorded since 2013, and causes the median price to fall to $309,000.
Nonetheless, this could end up creating opportunities for investors looking to capitalise on the low prices and the remarkable average rental yield of 5.8%. Units are on the market for only 46 days before being sold.
Daisy Hill has been lauded as a great suburb to raise a family, given the proximity to nature and the peaceful atmosphere.