Property value increases in Rangeville have tracked just lower than the QLD average of 0.88% over the last 12 months.
Across a shorter period, Rangeville, 4350 has seen a median price increase of -1.41% over the last quarter.
Rangeville, 4350 is offering QLD ‘s 541th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.
On average over the past year, suburb has had 13.00 sales per month, which equates to 156 per year.
Advertised rents are around the $390 mark per week – giving a return of 4.64% based on the median price in Suburb
Rangeville, 4350 ranked 93th in QLD when comparing growth in median property values or capital gain over the last 12 months. Rangeville is one of 2415 in our list for QLD
The five-year average increase in median property values for Rangeville,4350 has given property investors a potential capital gain of 3.45% across each of those five years.
Rangeville, 4350 is offering QLD ‘s 30th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Using the current median advertised rental of $315 and the average annual increase in value of a median property of 2.33%, investors should hope to achieve an overall return of 4.96%
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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.