Giving property investors a an unimpressive capital gain of 7.32% for the last year, Bellara, 4507 is the 3160th highest performer in Australia in this respect.
Bellara,4507 has offered an average of 7.32% return per annum in house price rises to property investors over the last three years.
At number 461th of QLD’s most discounted properties, Bellara is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Bellara the average time real estate has been on the market is 67.6724 days.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
QLD has seen average median house prices change by 8.71% which means that Bellara, 4507 has done well for property investors by showing a capital gain of 16.99% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bellara has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Bellara itself are offering an average vendor discount of -4.93% to real estate investors.
In the last year 37 properties changed hands in Bellara, which puts it as the 233th most active market in QLD when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 1.57%.
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Affordability gives an edge
Median house price: $362,500
Three-year growth: 10.5%
Rental yield: 5.5%
A suburb of the Moreton Bay region, Bellara’s low-priced houses could be contributing to its growth spurt over the past five years.
The median value is just over $360,000 following 12.4% growth over the past 12 months leading up to November 2017. Moreover, rental returns average 5.5%, an excellent rate for investors. With Bellara looking to maintain this positive trend, it’s wise to keep an eye on this suburb.
Bellara is located west of Bribie Island and south of Banksia Beach – thus, it’s perfect for those who like to be close to nature and to the coast. Pumicestone Passage is nearby as well. To Bellara’s south, the suburb of Bongaree is home to Bribie Island State School and Bribie Island State High School.