Investment property in Bokarina has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.45%
While Bokarina,4575 ranked number 551th in QLD for increase in median house value (annualised) increase, it is ranked 83th over the last 5 years.
Often selling an investment property can take time, and in Bokarina the average time real estate has been on the market is 49.2593 days.
Using the current median advertised rental of $687.5 and the average annual increase in value of a median property of 7.84%, investors should hope to achieve an overall return of 3.86%
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Demand is high for houses
Median house price: $750,000
Three-year growth: 33.0%
Rental yield: 3.5%
As part of Queensland’s booming Sunshine Coast region, house prices in the suburb of Bokarina have been soaring.
In the 12 months leading up to January 2018, values went up by over 30% to hit a median of 750,000. Buyers are snapping up houses almost as soon as they enter the market, with an average time on market of less than a month. Sellers are unloading these dwellings at an average discount rate of just 3.3%, which signifies a strong market.
Bokarina is part of the Kawana Waters urban centre, and is home to Kawana Waters State College. The suburb sits on the shores of the Coral Sea. The Caloundra CBD is only 9km away and provides access to shopping centres.