Property value increases in Camira have tracked just higher than the QLD average of 0.78% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Camira comes in at number 161th in QLD.
Our latest figures would indicate that property sellers in Camira are currently offering property investors an average price cut of -5.96% below the asking price at the moment.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 2.53%.
Information supplied by:
Looking good for the present
Median house price: $412,500
Three-year growth: 17.9%
Rental yield: 4.5%
Sitting comfortably near Springfield Lakes, the suburb of Camira is well liked by residents for its recreational facilities, including sports fields and picnic areas, and quiet atmosphere.
This area has been on a strong run of growth, due in part to the affordability of the house market. However, price increases did slow considerably in the year to 2018, so long-term investors may want to keep an eye on market movement. Rents are low at under $400 per week, with landlords able to gain reasonable returns.
Camira is bordered by bushland, and residents are able to buy houses on large blocks of land. The suburb is well served by being located right in the middle of excellent shopping areas like the St Ives shopping centre in nearby Goodna. Moreover, neighbouring Springfield houses medical centres, supermarkets and restaurants.