Property investors who have had real estate in Clear Island Waters, 4226 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 decrease in value by -10.30%
Clear Island Waters,4226 was ranked 3828 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Clear Island Waters are currently offering property investors an average price cut of -5.87% below the asking price at the moment.
In the last year 74 properties changed hands in Clear Island Waters, which puts it as the 311th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Clear Island Waters being $1067450 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 3.90%
With a capital gain of 8.17% for the last 12 months, Clear Island Waters, 4226 has performed for property investments than its average annual 1.61% property growth over the last 5 years.
The five-year average increase in median property values for Clear Island Waters,4226 has given property investors a potential capital gain of 0.80% across each of those five years.
Vendor discounting in Clear Island Waters is giving property investors an average Vendor Discount of around -6.49%. This puts suburb at number 95th in QLD when ranking the most discounted suburbs.
Advertised rents are around the $450 mark per week – giving a return of 5.28% based on the median price in Suburb