Property investors who have had real estate in Sandstone Point, 4511 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 increase in value by 2.44%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sandstone Point has increased when compared to the 5 year average annual rate.
In the last year 109 properties changed hands in Sandstone Point, which puts it as the 210th most active market in QLD when comparing the number of sales per suburb.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at 2.16%.
Property value increases in Sandstone Point have tracked lower than the QLD average of -0.09% over the last 12 months.
Taking the average capital gain, or increase in median house value, Sandstone Point,4511 has racked up an average of -10.36% over the period. This ranks it number 1233th in the whole country for real estate investors looking at median house price increases.