Over the last year, property investments in Mountain Creek, 4557 have given investors a capital gain of -1.67%. This compares badly with the 1.17% for QLD as a whole.
Mountain Creek,4557 was ranked 2923 in Australia by increase in median property value over the quarter.
Property buyers and investors in Mountain Creek 4557 should be seeing an average reduction in asking price of around -4.37% . This means that Mountain Creek is holding prices well when compared to other suburbs in QLD.
Renters in Suburb are facing rents around $27300 per annum or $525 every week.
Over the last year, property investments in Mountain Creek, 4557 have given investors a capital gain of -5.59%. This compares badly with the 0.65% for QLD as a whole.
While Mountain Creek,4557 ranked number 270th in QLD for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Mountain Creek is offering property investors an average of -6.19. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 2.51%, investors should hope to achieve an overall return of 5.71%
Information supplied by:
Growth slows in Sunshine Coast suburb
Median house price: $602,000
Three-year growth: 11.2%
Rental yield: 4.5%
The suburb of Mountain Creek is part of the Sunshine Coast, and was named for the creek that runs with the water from the southern slopes of the Buderim.
Mountain Creek State High School is located here, and there’s a local mobile library that stops at Glenfields Boulevard and Karawatha Drive. For recreation, there’s a park and a shopping centre; residents can also bike or walk the trails to Kawana and Sippy Downs University. It’s great for families and children, as there is a childcare centre as well. Residents are served by a supermarket and a café.
While the February 2019 quarter showed a dip in prices, the past 5 years have been quite positive for Mountain Creek.