Canungra is in the bottom 40% in QLD when comparing median price capital growth over the last year. Canungra gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.06%.
Taking the average capital gain, or increase in median house value, Canungra,4275 has racked up an average of -2.06% over the period. This ranks it number 1749th in the whole country for real estate investors looking at median house price increases.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Canungra itself are offering an average vendor discount of -7.49% to real estate investors.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 5.25%, without taking into account capital value appreciation, which has been averaging out at 1.91%.