Investment property in Wurtulla has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 26.61%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wurtulla has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -2.98% to buyers in Wurtulla at the moment, which is less than average for the rest of QLD.
Wurtulla has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.13% to date .
Across a shorter period, Wurtulla, 4575 has seen a median price increase of 3.13% over the last quarter.
Often selling an investment property can take time, and in Wurtulla the average time real estate has been on the market is 35.5294 days.
Renters in Suburb are facing rents around $25480 per annum or $490 every week.
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Unit market recovers with strong returns
Median unit price: $384,000
Three-year growth: -1.5%
Rental yield: 5.7%
The suburb of Wurtulla, which lies within the urban centre of Kawana Waters, enjoys a favourable location not only within a CBD, but within the thriving Sunshine Coast region.
After experiencing a stumble in the three years to January 2019, Wurtulla’s unit market looks to be back on track, recording price increases in the past year to bring the median value to $384,000. Rental yields are also quite strong at an average of 5.7%.
First named in the 1970s by employees of the Kawana Estates development, Wurtulla is a local Aboriginal term meaning “southward”. Those living in this area enjoy proximity to beaches and to parks, making it an ideal spot for families with kids.
The Caloundra and Kawana shopping centres are just a short drive away, and there are some smaller shopping hubs in the vicinity as well.