Runaway Bay has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.13% to date .
Over the longer term, Runaway Bay has seen property prices show investors a 10.49% return over the last 3 years. This is worse than over the last 12 months
Runaway Bay4216 is located in QLD which offers an average discount of -6.61% to property investors. Runaway Bay itself is showing figures that indicate -6.02% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Runaway Bay being $990000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.41%
Giving property investors a an unimpressive capital gain of -2.08% for the last year, Runaway Bay, 4216 is the 1169th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Runaway Bay comes in at number 68th in QLD.
Property investors looking for a bargain in Runaway Bay should be aiming for at least -6.22% off the asking price, which is the average vendor discount being achieved at the moment.
The QLD suburb of Runaway Bay, 4216 is in the Gold Coast local government area.