With a capital gain of 2.01% for the last 12 months, Mundubbera, 4626 has performed for property investments than its average annual 1.74% property growth over the last 5 years.
Mundubbera,4626 has offered an average of 2.01% return per annum in house price rises to property investors over the last three years.
Mundubbera, 4626 is offering QLD ‘s 17th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
With the median price for a house in Mundubbera being $152500 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 9.72%
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.