With a capital gain of -2.88% for the last 12 months, Wurtulla, 4575 has performed for property investments than its average annual 3.43% property growth over the last 5 years.
Wurtulla,4575 was ranked 3695 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.33% to buyers in Wurtulla at the moment, which is less than average for the rest of QLD.
Wurtulla, 4575’s gross rental yield is 4.12%
If you compare the increase in value of investment property in Wurtulla, 4575 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 16.37%.
Wurtulla,4575 was ranked 21 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Wurtulla itself are offering an average vendor discount of -6.01% to real estate investors.
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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.