Labrador, 4215 ranked 95th in QLD when comparing growth in median property values or capital gain over the last 12 months. Labrador is one of 2415 in our list for QLD
The five-year average increase in median property values for Labrador,4215 has given property investors a potential capital gain of 12.50% across each of those five years.
Property investors looking for a bargain in Labrador should be aiming for at least -4.93% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.32%, investors should hope to achieve an overall return of 4.33%
With a capital gain of 10.14% for the last 12 months, Labrador, 4215 has performed for property investments than its average annual 2.28% property growth over the last 5 years.
While Labrador,4215 ranked number 188th in QLD for increase in median house value (annualised) increase, it is ranked 94th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Labrador, 4215. Typically our figures indicate that -3.98% is being offered, which puts this QLD suburb at 545th most discounted overall in Australia.
On average over the past year, suburb has had 42.75 sales per month, which equates to 513 per year.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.28%, investors should hope to achieve an overall return of 5.34%