Lawnton, 4501 ranked 537th in QLD when comparing growth in median property values or capital gain over the last 12 months. Lawnton is one of 2415 in our list for QLD
While Lawnton,4501 ranked number 598th in QLD for increase in median house value (annualised) increase, it is ranked 412th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Lawnton is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 337th in terms of most discounted suburbs in QLD
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.28%, without taking into account capital value appreciation, which has been averaging out at 3.27%.
Lawnton, 4501 ranked 272th in QLD when comparing growth in median property values or capital gain over the last 12 months. Lawnton is one of 2415 in our list for QLD
Lawnton,4501 was ranked 1258 in Australia by increase in median property value over the quarter.
Vendor discounting in Lawnton is giving property investors an average Vendor Discount of around -3.27%. This puts suburb at number 209th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 0.80%, investors should hope to achieve an overall return of 6.24%
Information supplied by:
Buyers drawn to low prices
Median house price: $417,250
Three-year growth: 16.6%
Rental yield: 4.5%
A remarkably affordable suburb in the Sunshine State’s Moreton Bay region, Lawnton looks set to have buyers’ attention for a while.
Price growth has been picking up, with the suburb recording a 9% increase in house values in the 12 months to June 2018. The rental market has strengthened significantly in this period, with the average rental vacancy rate falling from a high 7.6% to 4.7%.
Lawnton is a haven of parks and reserves, and the North Pine River flows at the northern boundary of the suburb. Lawnton is home to Lawnton State School and Pine Rivers Special School, making it a great suburb for families to reside in. There are also several dining options and markets.
The local railway station is part of the Queensland Rail City network to Brisbane, Ipswich, Caboolture and the Sunshine Coast.