If you compare the increase in value of investment property in Tugun, 4224 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 6.92%.
Tugun,4224 was ranked 2187 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Tugun is offering property investors an average of -6.74. This rate of discount on properties puts Suburb at number 351th in terms of most discounted suburbs in QLD
With the median price for a house in Tugun being $695000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 4.64%
Giving property investors a an average capital gain of 0.00% for the last year, Tugun, 4224 is the 793th highest performer in Australia in this respect.
While Tugun,4224 ranked number 233th in QLD for increase in median house value (annualised) increase, it is ranked 31th 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 Tugun, 4224. Typically our figures indicate that -3.57% is being offered, which puts this QLD suburb at 924th most discounted overall in Australia.
With the median price for a house in Tugun being $470000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 5.42%