Over the last year, property investments in Bokarina, 4575 have given investors a capital gain of 29.74%. This compares very favourably with the 0.78% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bokarina has increased when compared to the 5 year average annual rate.
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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.