Giving property investors a a solid capital gain of 5.91% for the last year, Runaway Bay, 4216 is the 813th highest performer in Australia in this respect.
A 21.76% growth in median value for property investors in Runaway Bay,4216 puts this suburb at number 19th in terms of best performing suburbs in QLD
Runaway Bay4216 is located in QLD which offers an average discount of -6.96% to property investors. Runaway Bay itself is showing figures that indicate -9.09% is the average achievable by property buyers investing in the suburb.
A $660 per week rent on the median house gives suburb investors a gross yield of circa 3.48%, without taking into account capital value appreciation, which has been averaging out at 2.96%.
Over the last year, property investments in Runaway Bay, 4216 have given investors a capital gain of 0.41%. This compares averagely with the -0.84% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Runaway Bay has increased when compared to the 5 year average annual rate.
The most recent median price for Runaway Bay is $487000, with sellers offering an average of -6.93% off the asking price.
Advertised rents are around the $420 mark per week – giving a return of 4.48% based on the median price in Suburb