Property investors who have had real estate in Point Lookout, 4183 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Point Lookout,4183 was ranked 2226 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.50% to buyers in Point Lookout at the moment, which is less than average for the rest of QLD.
A $1975 per week rent on the median house gives suburb investors a gross yield of circa 11.94%, without taking into account capital value appreciation, which has been averaging out at 9.81%.
QLD has seen average median house prices change by 7.37% which means that Point Lookout, 4183 has done well for property investors by showing a capital gain of 9.57% over the last year
Comparing Point Lookout,4183 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Using the current median advertised rental of $1800 and the average annual increase in value of a median property of 1.08%, investors should hope to achieve an overall return of 18.17%