At number 443th in the list of Australian suburbs ordered by increase in median house value over the last year, Wurtulla, 4575 is in the top 20% with a property value increase of 10.63% recorded in median house prices.
Over the longer term, Wurtulla has seen property prices show investors a 18.89% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wurtulla, 4575. Typically our figures indicate that -4.32% is being offered, which puts this QLD suburb at 2860th most discounted overall in Australia.
At number 1893 in a list of fastest selling suburbs, Wurtulla is just in the bottom half of suburbs in Australia with an average of days on market 78.52 for properties listed there.
With the median price for a house in Wurtulla being $645000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.95%
Wurtulla has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.02% to date .
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.
LACK OF BUYER INTEREST may well be the reason that Wurtulla is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 216th in terms of most discounted suburbs in QLD
Situated 79.85km from the CBD, Wurtulla is one of Sunshine Coast (R) localities in the postcode 4575.
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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.