Rangeville has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.27% to date .
Across a shorter period, Rangeville, 4350 has seen a median price increase of 0.00% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Rangeville itself are offering an average vendor discount of -5.36% to real estate investors.
Often selling an investment property can take time, and in Rangeville the average time real estate has been on the market is 67.9355 days.
Situated 104.27km from the CBD, Rangeville is one of Toowoomba (R) localities in the postcode 4350.
Property investors who have had real estate in Rangeville, 4350 should be relatively 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 -7.20%
Comparing Rangeville,4350 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Rangeville are currently offering property investors an average price cut of -5.35% below the asking price at the moment.
Often selling an investment property can take time, and in Rangeville the average time real estate has been on the market is 116.733 days.
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Affordability helps boost apartments
Median unit price: $357,500
Three-year growth: 2.4%
Rental yield: 4.4%
Situated in the Toowoomba district, the suburb of Rangeville boasts a low-priced unit market that looks to be on the upswing.
In the year to January 2018, Rangeville apartment values rose by 10%, which could be attributed in part to the close proximity of the suburb of the Toowoomba CBD. A popular suburb with tenants, the rent rate per week comes in at $300 with an average return of 4.4% – a reasonable profit for investors.
Rangeville is bounded by reserves, namely, Picnic Point Park, Mount Tabletop, McKnight Park and J.E. Duggan Park. These parks provide excellent views, along with dining establishments. The Toowoomba Bicentennial Waterbird Habitat is located near Rangeville’s western boundary. There are also two schools in this suburb, including Rangeville State School.