Property value increases in Rangeville have tracked just higher than the QLD average of 12.16% over the last 12 months.
Rangeville,4350 was ranked 3372 in Australia by increase in median property value over the quarter.
Rangeville, 4350 is offering QLD ‘s 496th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.
Advertised rents are around the $420 mark per week – giving a return of 4.22% based on the median price in Suburb
Rangeville has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 20.49% to date .
Rangeville,4350 has offered an average of 20.49% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Rangeville should be aiming for at least -2.98% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $15600 per annum or $300 every week.
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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.