With a capital gain of -20.34% for the last 12 months, Mundubbera, 4626 has performed for property investments than its average annual -0.40% property growth over the last 5 years.
The five-year average increase in median property values for Mundubbera,4626 has given property investors a potential capital gain of -3.45% across each of those five years.
Renters in Suburb are facing rents around $14820 per annum or $285 every week.
Information supplied by:
Fruit capital blooms
Median house price: $188,000
Three-year growth: 4.44%
Rental yield: 6.91%
Arguably regarded as the “Citrus Capital of Queensland,” the suburb of Mundubbera sells more than just fruit – the local house market has been quite busy as well as of late. In the February 2017 quarter, prices skyrocketed by nearly 23%, continuing an ongoing streak of positive growth in recent years.
Even with the hike, the median house price remains below $200,000. With the average rental yield being at almost 7%, this could be a great entry point for investors.
As its moniker suggests, Mundubbera is primarily an agriculture and forestry town. During the months of fruit harvest, the number of seasonal workers in the area can swell. Thus, the suburb has established a supermarket, bakery, library and newsagency. It is also home to primary and secondary schools.
Mundubbera is just a stone’s throw away from Burnett Highway, and sits right on the banks of the Burnett River.