Pialba is in the bottom 30% in QLD when comparing median price capital growth over the last year. Pialba gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.76%.
Comparing Pialba,4655 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in Pialba should be aiming for at least -5.31% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2043 in a list of fastest selling suburbs, Pialba is just in the bottom half of suburbs in Australia with an average of days on market 81.6818 for properties listed there.
Pialba is an average performer in QLD when comparing median price capital growth over the last year. Pialba gave property investors a average capital gain figure when compared to the rest of the state, with -0.36%.
Pialba,4655 has offered an average of -0.36% return per annum in house price rises to property investors over the last three years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.43% offered to property buyers. Sellers in Pialba itself are offering an average vendor discount of -6.74% to real estate investors.
At number 1223 in a list of fastest selling suburbs, Pialba is in the bottom 10% of suburbs in Australia with an average of days on market 120.552 for properties listed there.
With the median price for a house in Pialba being $274001 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.50%
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.