Giving property investors a a poor capital gain of -8.86% for the last year, Walloon, 4306 is the 3682th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Walloon comes in at number 738th in QLD.
Property investors looking for a bargain in Walloon should be aiming for at least -9.31% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Walloon the average time real estate has been on the market is 99.25 days.
With the median price for a house in Walloon being $373500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.15%
Information supplied by:
Large, older homes on bigger blocks
Median house price: $390,000
Three-year growth: -1.3%
Rental yield: 4.8%
Ipswich is located inland from Brisbane and the Gold Coast, in the south-east corner of Queensland. Here lies the suburb of Walloon, a growing neighbourhood that is home to around 1500 permanent residents.
The journey to Brisbane’s CBD from this area is around 50km, though the Ipswich CBD is much closer, around 12km away. The suburb has its own railway station, along with a primary school that carries enrolments of around 230-250 students per year.
Typical housing in Walloon is large, older homes on bigger blocks of land, but there are many new house and land packages coming on the market, priced at around the half-million dollar mark. Some new builds are available for as low as around $420,000, though these come on smaller blocks of land, which may not be as desirable to local tenants and potential owner occupiers, who count the region’s wide open spaces as a major benefit.