With a capital gain of -1.61% for the last 12 months, Mountain Creek, 4557 has performed for property investments than its average annual 2.63% property growth over the last 5 years.
Over the longer term, Mountain Creek has seen property prices show investors a 12.96% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Mountain Creek is $610000, with sellers offering an average of -4.99% off the asking price.
Mountain Creek, 4557’s gross rental yield is 4.43%
Giving property investors a a stable capital gain of 2.56% for the last year, Mountain Creek, 4557 is the 443th highest performer in Australia in this respect.
A 7.53% growth in median value for property investors in Mountain Creek,4557 puts this suburb at number 266th in terms of best performing suburbs in QLD
Property investors looking for a bargain in Mountain Creek should be aiming for at least -3.20% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 4.71%, investors should hope to achieve an overall return of 5.53%
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.