At number 2604th in the list of Australian suburbs ordered by increase in median house value over the last year, Currimundi, 4551 is in the BOTTOM 40% with a property value increase of -4.86% recorded in median house prices.
A 17.84% growth in median value for property investors in Currimundi,4551 puts this suburb at number 764th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Currimundi is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 486th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Currimundi the average time real estate has been on the market is 67.1446 days.
A $475 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 2.14%.
If you compare the increase in value of investment property in Currimundi, 4551 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -8.16%.
The five-year average increase in median property values for Currimundi,4551 has given property investors a potential capital gain of 15.80% across each of those five years.
At number 224th of QLD’s most discounted properties, Currimundi is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Currimundi have been waiting around 60.5455 days to sell a property.
Using the current median advertised rental of $432.5 and the average annual increase in value of a median property of 1.91%, investors should hope to achieve an overall return of 5.63%