At number 548th in the list of Australian suburbs ordered by increase in median house value over the last year, Pialba, 4655 is in the top 20% with a property value increase of 10.17% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pialba has increased when compared to the 5 year average annual rate.
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 Pialba, 4655. Typically our figures indicate that -6.35% is being offered, which puts this QLD suburb at 1519th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.60%, without taking into account capital value appreciation, which has been averaging out at 1.17%.
If you compare the increase in value of investment property in Pialba, 4655 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.41%.
If we look at median property appreciation over just the last three months, Pialba has given property investors a paper return of -4.85%. This puts Suburb as 308 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Pialba 4655 should be seeing an average reduction in asking price of around -7.24% . This means that Pialba is holding prices well when compared to other suburbs in QLD.
Pialba, 4655’s gross rental yield is 6.32%
Information supplied by:
High returns and low expense
Median unit price: $240,000
Three-year growth: 0.0%
Rental yield: 6.3%
The suburb of Pialba is regarded as the CBD of the Hervey Bay region, with many amenities are within easy reach.
There are shops and restaurants in the vicinity, along with medical centres and clubs. It is also situated near the beach, and residents enjoy the best of both worlds. The low levels of traffic are great for those who struggle with the stresses of city living. The Hervey Bay Library, which first opened in 1997, was given an upgrade in 2014 to modernise the venue; nonetheless, this is a suburb that knows how to appreciate history, with the Pialba Memorial Cenotaph being one of Australia’s heritage-listed sites.
Pialba units offer excellent yields at an average of 6.3% as of February 2019. It’s also an very affordable market, with apartment values coming in at a median of under $250,000.